Stuart FL 34997 Condo Market Report June 2016

Stuart FL 34997 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

For June 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

     The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.
     The absorption rate dropped to 3.1 months in June from 4.3 months for May.  A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales.  Better volume this year with more than double the inventory as well.

Stuart FL 34997 Condo Market Report June 2016

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Stuart Florida Real Estate presented by:

Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

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