Stuart FL 34996 Condo Market Report September 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2019

There are currently 103 active condo listings (Up by 8 condos from last month).

19 Condo sales are pending and awaiting close or lender approval (Down by 23 condos from August).

32 Condos sold in September (Up by 17 condos from August) 

The Stuart FL 34996 Condo Market of Stuart improved the closed sales activity from a very poor previous month.  But, pending sales took a big dip.  This may impact the volume of closed sales in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 3.2 months from August’s 6.3 months. Bringing us back into a seller’s market for this segment of Martin County condos but not as extreme as last month.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2018 were: 100 active listings, 30 pending sales, and 22 closed sales. Much better-closed sales activity this year while pending sales were much better last September.

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