Stuart FL 34997 Residential Market Report January 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2018

For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 292 active listings (Increased by 12 homes from December).

144 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from December).

58 Homes Sold in January (Decreased by 23 homes from December)

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      The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in closed sales but this is still one of the most active markets in Martin County residential real estate.

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     The absorption rate jumped up to 5.0 months (was 3.4 months for December).  Still in a seller’s market for the 34997 zip code area of Stuart for January 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2017 numbers for January, were: 354 active listings, 169 pending listings, and 61 closed sales.  Somewhat stronger volume last year but this was with a considerably larger inventory of homes for sale.

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