Stuart FL 34996 Residential Market Report July 2019
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2019
For July 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 138 active listings (Decreased by 6 homes from June).
23 Residential sales are pending and awaiting close (Down by 1 home from June).
20 Homes Sold in July (Up by 8 homes from June).
The 34996 zip code area of the Stuart Florida residential real estate market rebounded from pretty poor June activity. Hopefully, this will continue through the rest of the summer and into fall.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for July dropped to 6.9 months as compared to 12 months for last month. We are heading back into a balanced market this segment of the Martin County single family real estate market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to a 7 month absorption rate.
The numbers for July 2018 were: 128 active listings, 21 pending sales, and 25 closed sales. We had pretty similar sales volume when compared to last year.
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