Stuart FL 34997 Condo Market Report August 2017
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2017
For August 2017 in the 34997 Zip Code area of Stuart, Florida:
There are currently 44 active condo listings (Decreased by 17 condos from July).
23 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from July).
17 Condos Sold in August (Decreased by 8 condos from July).
The Stuart FL condo market for zip code 34997 continues to show very strong activity but also shows a troubling decrease in available condos for sale.
The absorption rate inched down to 2.6 months in August compared to 2.4 months for July. Still in a very strong sellers’ market for the 34997 zip code of Stuart FL. 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 2016 numbers were: 65 active listings, 28 pending sales, and 12 closed sales. Better closed sales this year but a decrease in inventory and pending sales.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2017
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