Stuart FL 34997 Condo Market Report July 2018
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2018
For July 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 44 active condo listings (Down by 6 condos from June).
21 Condo sales are pending and awaiting close (Down by 5 condos from June).
17 Condos Sold in July (Decreased by 1 condos from June).
The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.
The absorption rate inched down to 2.6 months in July compared to 2.8 months for June. Remaining as a strong 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 July 2017 numbers were: 61 active listings, 32 pending sales, and 25 closed sales. Considerably better activity last year.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report July 2018
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