Stuart FL 34997 Residential Market Report February 2015
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2015
There are currently 373 active listings (Increased by 25 homes from January).
202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).
72 Homes Sold in February (Decreased by 4 homes from January)
The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. We had a significant increase in inventory for February, though still under last years level. Continued strong pending and closed numbers even if slightly off from last month.
The current one month absorption rate increased to 5.2 months (was 4.6 months for January). Still a sellers 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 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales. For the first two months of 2015, activity has been superior 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 February 2015
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