Stuart FL 34997 Condo Market Report February 2017
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2017
For February 2017 in the 34997 Zip Code area of Stuart, Florida :
There are currently 75 active condo listings (Decreased by 5 condos from January).
32 Condo sales are pending and awaiting close or lender approval (Down by 2 condos from January).
22 Condos Sold in February (Increased by 7 condos from January).
The Stuart FL condo market for zip code 34997 continued with even a more active month for the February 2017 time period.
The absorption rate plunged to 3.4 months in February from 5.3 months for January. Going into even a stronger 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 February 2016 numbers were: 78 active listings, 38 pending sales and 9 closed sales. Considerably stronger activity for this year as compared to 2016.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2017
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