Stuart FL 34997 Residential Market Report December 2015
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2015
There are currently 308 active listings (Decreased by 3 homes from November).
163 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from November).
62 Homes Sold in December (Decreased by 3 homes from November)
The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market. For December, there has been very little changes from the previous month.
The current one month absorption rate remained almost the same at 5.0 months (was 4.8 months for November). Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2014 numbers for December, were: 337 active listings, 177 pending listings and 79 closed sales. Better activity across the board from 2014, though the percentages are similar when the reduced inventory is factored into the equation.
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Stuart Florida Real Estate presented by:
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