Stuart FL 34997 Condo Market Report May 2019
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2019
For May 2019 in the 34997 Zip Code area of Stuart, Florida:
There are currently 52 active condo listings (Down by 6 condos from April).
33 Condo sales are pending and awaiting close (Up by 3 condos from April).
19 Condos Sold in May (Up by 1 condo from April).
The Stuart FL condo market for zip code 34997 continues to show very strong sales activity compared to the previous months as well as last year.
The absorption rate dropped to 2.7 months in May compared to 3.2 months for April. Continuing as an even stronger seller’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 May 2018 numbers were: 50 active listings, 26 pending sales, and 17 closed sales. Continuing stronger sales volume year to year in this segment of the Stuart condo real estate market.
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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