Stuart FL 34997 Residential Market Report March 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2017

There are currently 332 active listings (Decreased by 11 homes from February).

189 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from February).

94 Homes Sold in March (Increased by 20 homes from February)

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      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity for the spring of 2017 with increases in both pending and closed sales.

     The absorption rate decreased to 3.5 months (was 4.6 months for February).  A very strong sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for March, were: 308 active listings, 175 pending listings and 78 closed sales.  Continued improved activity when compared to last March.

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