Stuart FL 34997 Residential Market Report April 2016
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2016
There are currently 309 active listings (Increased by 1 homes from March).
219 Residential sales are pending and awaiting close or lender approval (Increased by 44 homes from March).
99 Homes Sold in April (Increased by 21 homes from March)
The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the most active segment of the Martin County single family real estate market. Closed and pending sales had a second month of large improvements from last month as this segment of the Stuart residential real estate market remains very active and at a big advantage for sellers.
The current one month absorption rate plunged to 3.1 months (was 3.9 months for March). Even a stronger sellers market for the 34997 segment of the Stuart residential market. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2015 numbers for April, were: 315 active listings, 223 pending listings and 98 closed sales. Very similar activity to last year.
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report April 2016
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