Stuart FL 34997 Residential Market Report December 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2016

There are currently 334 active listings (Increased by 6 homes from November).

120 Residential sales are pending and awaiting close or lender approval (Down by 18 homes from November).

69 Homes Sold in December (Increased by 7 homes from November)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate.  2016 ended with strong activity and a continued advantage for sellers in this segemtn of the Stuart residential real estate market.

     The absorption rate decreased to 4.8 months (was 5.3 months for November).  Increasing the 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 2015 numbers for December, were: 308 active listings, 163 pending listings and 62 closed sales.  Slightly better closed sales for this year, but considerably lower pending sales with greater inventory.