Stuart FL 34996 Residential Market Report August 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2015
For August 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 139 active listings (Up by 4 homes from July).
32 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from July).
14 Homes Sold in August (Increased by 3 homes from July).
The 34996 zip code area of the Stuart Florida residential real estate market is slowly but surely making a come back to good activity. While there’s still room for improvement, sales were up and pending sales are also strong for good potential future activity.
The one month absorption rate for the 34996 zip code area of Stuart Florida for August continued its decrease to 9.8 months as compared to July’s atrocious 12.3 months. Still a strong buyers market for this section of Martin County. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for August of 2014 were: 155 active listings, 28 pending sales and 13 closed sales. Even with our current reduced inventory, sales activity was better for this year than last.
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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