Stuart FL 34997 Condo Market Report July 2019
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2019
For July 2019 in the 34997 Zip Code area of Stuart, Florida:
There are currently 44 active condo listings (Down by 12 condos from June).
20 Condo sales are pending and awaiting close (Up by 5 condos from June).
16 Condos Sold in July (Up by 5 condos from June).
The Stuart FL condo market for zip code 34997 picked up considerably from last month and is a very active condo real estate market.
The absorption rate plunged to 2.8 months in July compared to 5.1 months for June. Back into a very strong seller’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 July 2018 numbers were: 44 active listings, 21 pending sales, and 17 closed sales. Very similar to the July 2018 condo activity for the 34997 zip code area of Martin County.
Stuart Florida Real Estate presented by:
Gabe Sanders
For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.
Leave a Reply