Stuart FL 34996 Residential Market Report May 2019
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2019
For May 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 152 active listings (Decreased by 1 home from April).
23 Residential sales are pending and awaiting close (Down by 10 homes from April).
27 Homes Sold in May (Down by 9 homes from April).
The 34996 zip code area of the Stuart Florida showed weaker activity when compared to the past two months, but remains strong.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for May plunged to 5.6 months as compared to the 4.3 months for last month. We appear to be heading back towards a balanced 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 May 2018 were: 115 active listings, 41 pending sales, and 20 closed sales. A greater number of closed sales this year, but considerably weaker pending sales. All of this with a much larger inventory of available homes for sale this year.
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