Stuart FL 34996 Condo Market Report September 2014

Stuart FL 34996 Condo Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2014

For September 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 147 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report September 2014

 37 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from August).

Stuart FL 34996 Condo Market Report September 2014

 

28 Condos Sold in September (Increased by 14 condos from August) 

Stuart FL 34996 Condo Market Report September 2014

The Stuart FL 34996 Condo Market demonstrated a very strong September 2014, with a nice increase in closed sales.  Unfortunately pending sales declined, while the inventory basically remained unchanged. 

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.25 months from August’s 10.6months .  Back into a sellers market after a three month buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2013 were: 176 active listings, 35 pending sales and 17 closed sales.  2014 has outperformed last year for the 34996 zip code for Stuart condos.Stuart FL 34996 Condo Market Report September 2014

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report September 2014

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