Stuart FL 34996 Residential Market Report February 2019
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2019
For February 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 171 active listings (Decreased by 3 homes from January).
39 Residential sales are pending and awaiting close (Down by 4 homes from January).
21 Homes Sold in February (Up by 11 homes from January).
The 34996 zip code area of the Stuart Florida had a nice jump in closed sales. Unfortunately, both pending sales and inventory dropped from last month.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for February rose to 8.1 months as compared to October’s 17.4 months. Still a buyer’s market for the 34996 zip code area of Stuart FL but driting 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 February 2018 were: 130 active listings, 56 pending sales, and 14 closed sales. There is increased sales volume this year but also less pending activity and a greater inventory of homes for sale.
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