Stuart FL 34997 Residential Market Report November 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2018

For November 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 322 active listings (Increased by 6 homes from October).

126 Residential sales are pending and awaiting close or lender approval (Up by 3 homes from October).

61 Homes Sold in November (Decreased by 2 homes from October)

      The Stuart Florida Residential Market for ZIP Code 34997 showed reduced activity from last month and an increase in inventory.

     The absorption rate rose to 5.3 months (was 5.0 months for October).  Still a seller’s market for the 34997 zip code area of Stuart for November 2018 but trending towards a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

     The 2017 numbers for November, were: 285 active listings, 138 pending listings, and 70 closed sales.  Better activity last year on a reduced number of homes for sale.