Stuart FL 34997 Condo Market Report May 2014
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2014
For May 2014 in the 34997 Zip Code area of Stuart, Florida :
There are currently 74 active condo listings (Down by 9 condos from April).
32 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from April).
28 Condos Sold in May (Increased by 3 condos from April).
The one month absorption rate is now 2.6 months from last months 3.3. A very strong sellers 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 May 2012 numbers were: 87 active listings, 30 pending sales and 17 closed sales. Better activity for this year as compared to last, and this market remains very strong. Just possibly a little to strong to be sustainable for the long run.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2014
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