Stuart FL 34997 Condo Market Report February 2019
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2019
For February 2019 in the 34997 Zip Code area of Stuart, Florida:
There are currently 65 active condo listings (Up by 5 condos from January).
17 Condo sales are pending and awaiting close (Down by 2 condos from January).
10 Condos Sold in February (Up by 5 condos from January).
The Stuart FL condo market for zip code 34997 rebounded from very weak sales activity last month. Pending sales were off slightly and the inventory continues to rise.
The absorption rate rose to 6.5 months in February compared to 12 months for January. Transitioning into a balanced market after an unusual month as a buyer’s market for condos in 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 2018 numbers were: 54 active listings, 32 pending sales, and 17 closed sales. There was much stronger activity last year with a smaller number of condos for sale.
Stuart Florida Real Estate presented by:
Gabe Sanders
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