Stuart FL 34997 Condo Market Report October 2018
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2018
For October 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 49 active condo listings (Up by 7 condos from September).
18 Condo sales are pending and awaiting close (Up by 2 condos from September).
16 Condos Sold in October (Unchanged from September).
The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels. Though there was a small rise this month. Pending sales were up slightly while closed sales remained unchanged for October.
The absorption rate rose to 3.1 months in October compared to 2.6 months for September. Staying in a strong seller’s 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 October 2017 numbers were: 53 active listings, 25 pending sales, and 10 closed sales. Better closed sales this year while there were more pending sales last year.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report October 2018
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