Stuart FL 34996 Residential Market Report January 2019
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2019
For January 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 174 active listings (Increased by 7 homes from October).
43 Residential sales are pending and awaiting close (Up by 20 homes from October).
10 Homes Sold in January (Down by 5 homes from October).
The 34996 zip code area of the Stuart Florida had an increase in both inventory and pending sales but closed sales were lower than last month.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for January rose to 17.4 months as compared to October’s 11.1 months. Now a stronger buyer’s market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for January 2018 were: 146 active listings, 37 pending sales, and 15 closed sales. Better activity last year, especially when factoring in the greater inventory this year.
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