Stuart FL 34997 Condo Market Report January 2019
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2019
For January 2019 in the 34997 Zip Code area of Stuart, Florida:
There are currently 60 active condo listings (Up by 11 condos from December).
19 Condo sales are pending and awaiting close (Up by 11 condos from December).
5 Condos Sold in January (Down by 14 condos from December).
The Stuart FL condo market for zip code 34997 had a needed increase in inventory but sales dropped off significantly Pending sales improved which should help closed sales in the coming months.
The absorption rate rose to 12 months in January compared to 2.6 months for December. Transitioning into a buyer’s market for the first time in some time 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 January 2017 numbers were: 56 active listings, 35 pending sales, and 8 closed sales. Better activity in the 34997 zip code section of Stuart condos last year.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report January 2019
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