Stuart FL 34996 Residential Market Report September 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2015
For September 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 136 active listings (Down by 3 homes from August).
27 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from August).
12 Homes Sold in September (Decreased by 2 homes from August).
The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle a bit, especially when compared to the neighboring zip codes. There are many luxury properties in this area and it’s not uncommon for these to take a bit longer to sell than the more modestly priced homes in other areas.
The one month absorption rate for the 34996 zip code area of Stuart Florida for September continued its decrease to 11.3 months as compared to August’s atrocious 9.8 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 September of 2014 were: 155 active listings, 32 pending sales and 7 closed sales. Sales volume and activity while not robust for the 34996 zip code area continues to outperform last years numbers.
Search here for real estate in the 34996 Zip Code of Stuart FL
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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