Stuart FL 34997 Condo Market Report March 2019
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2019
For March 2019 in the 34997 Zip Code area of Stuart, Florida:
There are currently 58 active condo listings (Down by 7 condos from February).
34 Condo sales are pending and awaiting close (Up by 17 condos from February).
15 Condos Sold in March (Up by 5 condos from February).
The Stuart FL condo market for zip code 34997 came back strong for March after a few months of weaker activity.
The absorption rate plunged to 3.9 months in March compared to 6.5 months for February. Transitioning into a very strong seller’s market after one month as a balanced market and a previous month as a buyer’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 March 2018 numbers were: 56 active listings, 23 pending sales, and 22 closed sales. Stronger closed sales volume last year while we had better ending numbers this year.
Stuart Florida Real Estate presented by:
Gabe Sanders
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