Stuart FL 34997 Condo Market Report June 2019
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2019
For June 2019 in the 34997 Zip Code area of Stuart, Florida:
There are currently 56 active condo listings (Up by 4 condos from May).
15 Condo sales are pending and awaiting close (Down by 18 condos from May).
11 Condos Sold in June (Down by 8 condos from May).
The Stuart FL condo market for zip code 34997 continues to be active but it did slow down from the past few months.
The absorption rate increased to 5.1 months in June compared to 2.7 months for May. Continuing as a seller’s market for condos in the 34997 zip code of Stuart FL, but approaching a balanced market. 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 2018 numbers were: 50 active listings, 26 pending sales, and 18 closed sales. There was better sales and pending sales volume last year.
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.
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