Stuart FL 34997 Condo Market Report September 2018
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2018
For September 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 42 active condo listings (Up by 6 condos from August).
16 Condo sales are pending and awaiting close (Down by 9 condos from August).
16 Condos Sold in September (Increased by 4 condos from August).
The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels. Pending sales were down while closed sales were up for September.
The absorption rate returned to 2.6 months in September compared to 3.0 months for August. Remaining as 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 September 2017 numbers were: 49 active listings, 18 pending sales, and 13 closed sales. Pretty similar market activity as last year.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report September 2018
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