Stuart FL 34996 Residential Market Report February 2015

March 12, 2015/Gabe Sanders/Market Reports, Real Estate

Stuart FL 34996 Residential Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2015

For February 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 158 active listings (Down by 2 homes from January).

39 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from January).

12 Homes Sold in February (Increased by 5 homes from January).

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement. Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months. A huge buyers’ market, though I suspect this will be a short time phenomenon. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2013 were: 152 active listings, 40 pending sales and 6 closed sales. Very similar activity to Feb. 2014. No significant differences other than double the number of closed sales.

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