Stuart FL 34997 Residential Market Report June 2014

Stuart FL 34997 Residential Market Report June 2014

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

 

There are currently 381 active listings (Decreased by 32 homes from May).

Stuart FL 34997 Residential Market Report June 2014

185 Residential sales are pending and awaiting close or lender approval (Increased of 21 homes from May).

Stuart FL 34997 Residential Market Report June 2014

80 Homes Sold in June (Decreased by 27 homes from May)

Stuart FL 34997 Residential Market Report June 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  Unfortunately, June saw a little decrease in activity with 27 fewer sales from the previous month.  Though, pending sales increased which is a good indicator for strong future sales.  Inventory was down by a fairly significant number making fewer options available for buyers of single family homes in the Stuart area.
 
 
     The current one month absorption rate rose to 4.8 months (was 3.9 months for May).  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 June, were: 332 active listings, 172 pending listings and 68 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Considerably stronger activity in this segment of the Stuart residential real estate market.
 
Stuart FL 34997 Residential Market Report June 2014
 
 

Search here for Stuart Florida Real Estate for Sale

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

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart FL 34997 Residential Market Report June 2014

Leave a Reply