Stuart FL 34997 Condo Market Report November 2018
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2018
For November 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 44 active condo listings (Down by 5 condos from October).
22 Condo sales are pending and awaiting close (Up by 4 condos from October).
8 Condos Sold in November (Down by 8 condos from October).
The Stuart FL condo market for zip code 34997 had lower inventory this month but also weaker closed sales. Though, there was an increase in pending sales.
The absorption rate rose to 5.5 months in November compared to 3.1 months for October. Drifting closer to a balanced market for 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 November 2017 numbers were: 49 active listings, 30 pending sales, and 10 closed sales. Better activity last year.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report November 2018
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