Stuart FL 34997 Condo Market Report October 2019

Stuart FL 34997 Condo Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2019

There are currently 50 active condo listings (Up by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2019

10 Condo sales are pending and awaiting close (Down by 11 condo from September).

Stuart FL 34997 Condo Market Report October 2019

16 Condos Sold in October (Up by 5 condos from September).

Stuart FL 34997 Condo Market Report October 2019

      The Stuart FL condo market for zip code 34997 remains quite active and is one of the strongest performers in the Stuart condo market.  Pending sales were down considerably this month.  Hopefully, this will not result in a drop in closed sales in the coming months.

     The absorption rate dropped to 3.1 months in October compared to 3.6 months for September.  Continuing as a 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 October 2018 numbers were: 49 active listings, 18 pending sales, and 16 closed sales.  Weaker pending sales volume this year.  This area remains a very hot segment of the Stuart condo market.

Stuart FL 34997 Condo Market Report October 2019

To make informed decisions about Stuart FL condo real estate it’s a good idea to be familiar with the market.  Click here to view the previous Stuart FL 34997 condo market reports

Stuart Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Stuart FL 34997 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report October 2019

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