Stuart FL 34996 Residential Market Report January 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2015
For January 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 160 active listings (Down by 16 homes from December).
41 Residential sales are pending and awaiting close or lender approval (Up by 19 homes from December).
7 Homes Sold in January (Decreased by 17 homes from December).
The 34996 zip code area of the Stuart Florida residential real estate market started off with greatly decreased closed activity from previous months. Though, the bright note is also greater pending activity, which should equate to much better closed sales coming in the next few months. The inventory was down, which also came as a surprise.
The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 22.9 months as compared to December’s 7.3 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 January of 2013 were: 146 active listings, 33 pending sales and 17 closed sales. Better closed activity last year, though the greater pending numbers and inventory is a good sign for later performance.
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Stuart Florida Real Estate presented by:
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