Stuart FL 34997 Residential Market Report April 2017

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Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2017

There are currently 330 active listings (Decreased by 2 homes from March).

177 Residential sales are pending and awaiting close or lender approval (Down by 12 homes from March).

80 Homes Sold in April (Decreased by 14 homes from March)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity however the activity slowed from last month as well as last year.

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     The absorption rate increased to 4.1 months (was 3.5 months for March).  Still in a sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for April, were: 309 active listings, 219 pending listings and 99 closed sales.  Better activity last April weh compared to this year.

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