Stuart FL 34997 Residential Market Report March 2015
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2015
There are currently 351 active listings (Decreased by 21 homes from February).
211 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).
87 Homes Sold in March (Increased by 15 homes from February)
The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. The inventory gain we had in February has now been erased for March. Solid increases in both pending and closed sales.
The current one month absorption rate increased to 4 months (was 5.2 months for February). 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 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales. Considering the reduced inventory from last year, better activity for 2015.
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report March 2015
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