Stuart FL 34996 Residential Market Report August 2018
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2018
For August 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 130 active listings (ncreased by 2 homes from July).
21 Residential sales are pending and awaiting close (Unchanged from July).
10 Homes Sold in August (Down by 15 homes from July).
The 34996 zip code area of the Stuart Florida seems to have hit a road bump for August. Closed sales were off by a significant amount while the other metrics were mostly unchanged.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for August shot up to 13 months as compared to July’s 5.1 months. Into a strong buyer’s market for the 34996 zip code area of Stuart FL but drifting towards a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for August 2017 were: 145 active listings, 14 pending sales, and 12 closed sales. Even with a large drop in closed sales, activity is better this year.
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Stuart Florida Real Estate presented by:
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