Stuart FL 34997 Condo Market Report May 2016
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2016
For May 2016 in the 34997 Zip Code area of Stuart, Florida :
There are currently 73 active condo listings (No change from April).
40 Condo sales are pending and awaiting close or lender approval (Up by 1 condos from April).
17 Condos Sold in May (Increased by 5 condos from April).
The Stuart FL condo market for zip code 34997 for May showed a nice increase in closed sales and continued strong pending sales activity which should be good for future closed sales activity. The inventory remained unchanged.
The one month absorption rate went down to 4.3 months from 4.4 months for April. Still a sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The May 2015 numbers were: 45 active listings, 21 pending sales and 22 closed sales. Weaker closed sales this year while pending sales are considerably better. This segment of the Stuart market is the only one with a considerably higher inventory this year as compared to 2015.
Search for Stuart Condos for Sale by Price:
- Condominium Properties for Sale in Stuart, Florida Between $0 – $100,000
- Condominium Properties for Sale in Stuart, Florida Between $100,000 – $200,000
- Condominium Properties for Sale in Stuart, Florida Between $200,000 – $300,000
- Condominium Properties for Sale in Stuart, Florida Between $300,000 – $400,000
- Condominium Properties for Sale in Stuart, Florida Between $400,000 – $500,000
- Condominium Properties for Sale in Stuart, Florida Between $600,000 – $700,000
- Condominium Properties for Sale in Stuart, Florida Between $800,000 – $900,000
- Condominium Properties for Sale in Stuart, Florida Between $900,000 – $1,000,000
- Condominium Properties for Sale in Stuart, Florida Between $1,200,000 – $1,300,000
- Condominium Properties for Sale in Stuart, Florida Between $2,400,000 – $2,500,000
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2016
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