Stuart FL 34997 Residential Market Report January 2017
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2017
There are currently 354 active listings (Increased by 20 homes from December).
169 Residential sales are pending and awaiting close or lender approval (Up by 49 homes from December).
61 Homes Sold in January (Decreased by 8 homes from December)
The Stuart Florida Residential Market for ZIP Code 34997 started the year with a big jump in inventory and a lower number of closed sales. Pending sales, however, look very strong.
The absorption rate decreased to 5.8 months (was 4.8 months for December). Just about back to a balanced market, only a slight 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 January, were: 299 active listings, 156 pending listings, and 88 closed sales. Higher inventory this year and lower volume of closed sales. Though, pending sales look strong.
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report January 2017
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