Stuart FL 34996 Residential Market Report June 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2016
For June 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 158 active listings (Up by 8 homes from May).
43 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from May).
26 Homes Sold in June (Increased by 4 homes from May).
The 34996 zip code area of the Stuart Florida residential real estate market showed solid activity for June 2016. We also have a welcome increase in inventory that will hopefully continue through the end of this year.
The one month absorption rate for the 34996 zip code area of Stuart Florida for June decreased to 6.1 months as compared to May’s 6.8 months. A balanced 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 June of 2015 were: 136 active listings, 44 pending sales and 8 closed sales. Much better sales activity for this year as compared to last year.
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart FL 34996 Residential Market Report June 2016
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