Stuart FL 34996 Residential Market Report May 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2015
For May 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 147 active listings (Down by 26 homes from April).
34 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from April).
16 Homes Sold in May (Decreased by 2 homes from April).
The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness. A surprisingly large drop in inventory will not help for future sales.
The one month absorption rate for the 34996 zip code area of Stuart Florida for May decreased slightly to 9.2 months as compared to April’s 9.6 months. Drifting in a better direction, though with lots of room for improvement. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for May of 2014 were: 187 active listings, 48 pending sales and 20 closed sales. Considerably better activity last year. (It should be noted that this zip code includes the Sewalls Point area, and should the Sewalls Point activity be excluded from this report, it would look much better.)
Search here for real estate in the 34996 Zip Code of Stuart FL
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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