Stuart FL 34997 Condo Market Report August 2014
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2014
For August 2014 in the 34997 Zip Code area of Stuart, Florida :
There are currently 55 active condo listings (Down by 6 condos from July).
27 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condo from July).
14 Condos Sold in August (Decreased by 7 condos from July).
Better activity for the Stuart FL condo market for zip code 34997 in August of 2014. Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for August. Pending and closed sales were off for August, though it was an unusually strong July and this market is retuning to a more sustainable level.
The one month absorption rate rose to 3.9 months from last months 2.9. Still a hot sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The August 2013 numbers were: 81 active listings, 22 pending sales and 11 closed sales. 2014 continues to outperform the 2013 market activity.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2014
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