Stuart FL 34997 Condo Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s 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 March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

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