Stuart FL 34996 Residential Market Report April 2019
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2019
For April 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 153 active listings (Decreased by 10 homes from March).
33 Residential sales are pending and awaiting close (Down by 16 homes from March).
36 Homes Sold in April (Up by 18 homes from March).
The 34996 zip code area of the Stuart Florida doubled the volume of closed sales from last month while decreasing the number of pending sales.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for April plunged to 4.3 months as compared to the 9.1 months for last month. Transitioning back to a seller’s market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to a 7 month absorption rate.
The numbers for April 2018 were: 128 active listings, 46 pending sales, and 28 closed sales. A stronger volume of closed sales this year. Though pending sales are weaker, this is also with a considerably greater number of available homes for sale (inventory).
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