Stuart FL 34997 Residential Market Report July 2015
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2015
There are currently 232 active listings (Decreased by 25 homes from June).
190 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from June).
83 Homes Sold in July (Decreased by 30 homes from June)
The Stuart Florida Residential Market for ZIP Code 34997 continues as the best performing segment of the Stuart residential market. Both closed and pending sales are doing well, though as the inventory shrinks, the sales volume can’t keep up with the torrid pace set from last month.
The current one month absorption rate increased to 2.8 months (was 2.3 months for June). Remaining in a very strong seller’s 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 2014 numbers for July, were: 362 active listings, 189 pending listings and 78 closed sales. Even with an inventory that is over 33% less than last year, closed and pending sales are still better for 2015. Our strongest local market.
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report July 2015
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