Stuart FL 34997 Residential Market Report November 2017

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

For November 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 285 active listings (Decreased by 6 homes from October).

138 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from October).

70 Homes Sold in November (Increased by 2 homes from October)

      The Stuart Florida Residential Market for ZIP Code 34997 showed strong activity for November with increased pending and closed sales activity.

     The absorption rate inched down to 4.1 months (was 4.3 months for October).  Continuing as a seller’s market for the 34997 zip code area of Stuart for November 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for November, were: 328 active listings, 132 pending listings, and 62 closed sales.  A continuing better market when compared to last year with a lower inventory of available homes for sale.