Stuart FL 34997 Residential Market Report February 2017

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

 

There are currently 343 active listings (Decreased by 11 homes from January).

182 Residential sales are pending and awaiting close or lender approval (Up by 13 homes from January).

74 Homes Sold in February (Increased by 13 homes from January)

      The Stuart Florida Residential Market for ZIP Code 34997 showed a very strong second month of 2017 with increases in both pending and closed sales.

     The absorption rate decreased to 4.6 months (was 5.8 months for January).  Once again back in a sellers’ one 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 February, were: 321 active listings, 175 pending listings and 58 closed sales.  Better volume of both closed and pending sales when compared to last February.