Stuart FL 34996 Residential Market Report May 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2016
For May 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 150 active listings (Down by 1 homes from April).
43 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from April).
22 Homes Sold in May (Decreased by 3 homes from April).
The 34996 zip code area of the Stuart Florida residential real estate market showed reduced sales and pending activity from last month, though only small decreases. The inventory dropped by only 1 home, yet is still slightly above last year.
The one month absorption rate for the 34996 zip code area of Stuart Florida for May increased to 6.8 months as compared to April’s 6 months. Drifting back up into a slight buyers market. 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 2015 were: 147 active listings, 34 pending sales and 16 closed sales. Slightly better activity for this year when compared to 2015.
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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