For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Unchanged from November).

17 Condo sales are pending and awaiting close or lender approval (Unchanged from November).

19 Condos Sold in December (Increased by 9 condos from November).

      The Stuart FL condo market for zip code 34997 continues with very strong activity even though the inventory is now down which may be reflected in the lower pending sale numbers.

     The absorption rate decreased to 3.0 months in December compared to 4.9 months for November.  More of an extreme seller’s 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 December 2016 numbers were: 83 active listings, 29 pending sales, and 11 closed sales.  Better closed volume, but less pensingsales on a reduced inventory for December 2017.

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