The 34996 zip code area of the Stuart Florida residential real estate had a lower number of closed sales from last month.  The inventory of available homes for sale also continues to decrease.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for October jumped up to 10.7 months as compared to 7.4 months for last month.  Now, transitioning into a buyer’s market for 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 October 2018 were: 158 active listings, 21 pending sales, and 14 closed sales.  A greater number of sales last year.  But, this was also with a considerably greater inventory of available homes for sale.

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