Stuart FL 34997 Condo Market Report December 2016
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016
For December 2016 in the 34997 Zip Code area of Stuart, Florida :
There are currently 83 active condo listings (Increased by 10 condos from November).
29 Condo sales are pending and awaiting close or lender approval (Up by 9 condos from November).
11 Condos Sold in December (Increased by 3 condos from November).
The Stuart FL condo market for zip code 34997 showed continued improvement from last month and is trending towards a more robust real estate market.
The absorption rate dropped to 7.5 months in December from 9.1 months for November. Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though tending in the right direction. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The December 2015 numbers were: 63 active listings, 19 pending sales and 21 closed sales. Better sales numbers from last year, though the pending listings this year look promising.
Stuart Florida Real Estate presented by:
Gabe Sanders
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