Stuart FL 34997 Residential Market Report April 2015
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2015
There are currently 315 active listings (Decreased by 46 homes from March).
223 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from March).
98 Homes Sold in April (Increased by 11 homes from March)
The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. Our inventory took a major drop as sales are going faster than homeowners are willing to list on the market. Both pending sales and closed sales were up and well priced new listings are going off the market very quickly.
The current one month absorption rate increased to 3.2 months (was 4 months for March). Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2014 numbers for April, were: 404 active listings, 190 pending listings and 61 closed sales. Much stronger activity for 2015, even with a considerably reduced inventory.
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report April 2015
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