Stuart FL 34997 Residential Market Report July 2014

Stuart FL 34997 Residential Market Report July 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2014

 

There are currently 362 active listings (Decreased by 19 homes from June).

Stuart FL 34997 Residential Market Report July 2014

 

189 Residential sales are pending and awaiting close or lender approval (Increased of 4 homes from June).

Stuart FL 34997 Residential Market Report July 2014

 

78 Homes Sold in July (Decreased by 2 homes from June)

Stuart FL 34997 Residential Market Report July 2014

 
      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  A second month of increased pending sales, though it is also a second month of decreased closed activity.  Inventory also decreased for the month.
 
 
     The current one month absorption rate decreased to 4.6 months (was 4.8 months for June).  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 July, were: 331 active listings, 166 pending listings and 62 closed sales.  For the 34997 zip code of Stuart, market activity is stronger for this year as compared to July of 2013.
 
Stuart FL 34997 Residential Market Report July 2014
 
 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Stuart FL 34997 Residential Market Report July 2014

Leave a Reply