Stuart FL 34997 Residential Market Report March 2019
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2019
For March 2019 in the 34997 Zip Code area of Stuart, Florida:
There are currently 339 active listings (Decreased by 22 homes from February).
197 Residential sales are pending and awaiting close or lender approval (Up by 31 homes from February).
89 Homes Sold in March (Increased by 12 homes from February)
The Stuart Florida Residential Market for ZIP Code 34997 is once again leading Martin County segments as the most active segment for sales. Both closed and pending sales rose and remain very strong.
The absorption rate dipped to 3.8 months (was 4.7 months for February). Back into a pretty extreme seller’s market for the 34997 zip code area of Stuart for March 2019. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
The 2018 numbers for March, were: 297 active listings, 164 pending listings, and 92 closed sales. Slightly stronger closed sales volume last year but better pending numbers for this year.
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