Stuart FL 34996 Residential Market Report October 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2015
For October 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 161 active listings (Up by 25 homes from September).
17 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from September).
12 Homes Sold in October (Unchanged from September).
The 34996 zip code area of the Stuart Florida residential real estate market had a surprising jump in inventory for October. While this should be good news for buyers as there is a better selection of available homes, the corresponding increase in sales activity has not yet materialized.
The one month absorption rate for the 34996 zip code area of Stuart Florida for October continued to slide up to 13.4 months as compared to September’s 11.3 months. A strong buyers market for this section of Martin County. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for October of 2014 were: 156 active listings, 32 pending sales and 11 closed sales. While closed sales were close to last year, the reduced number of pending sales this year is a bit troubling.
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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