Stuart FL 34996 Residential Market Report July 2018
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2018
For July 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 128 active listings (ncreased by 23 homes from June).
21 Residential sales are pending and awaiting close or lender approval (Down by 13 homes from June).
25 Homes Sold in July (Down by 1 homes from June).
The 34996 zip code area of the Stuart Florida residential real estate market continues to be an active market but somewhat weaker than last month. On a positive note, the inventory did rise for July.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 5.1 months as compared to June’s 4.0 months. Remaining as a seller’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 July 2017 were: 147 active listings, 33 pending sales, and 36 closed sales. Considerably stronger activity last year.
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