Stuart FL 34997 Condo Market Report February 2018
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2018
For February 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 54 active condo listings (Down by 2 condos from January).
32 Condo sales are pending and awaiting close or lender approval (Down by 3 condos from January).
17 Condos Sold in February (Increased by 9 condos from January).
The Stuart FL condo market for zip code 34997 continues with dropping inventory while still maintaining strong sales for February.
The absorption rate plunged to 3.2 months in February compared to 7.0 months for January. Back into a 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 February 2017 numbers were: 75 active listings, 32 pending sales, and 22 closed sales. Better closed activity last year, though there were also a greater number of available condos for sale.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report February 2018
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