Stuart FL 34997 Residential Market Report October 2017

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

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

There are currently 291 active listings (Increased by 17 homes from September).

131 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from September).

68 Homes Sold in October (Unchanged from September)

      The Stuart Florida Residential Market for ZIP Code 34997 remains active with good activity even through last September’s hurricane.

     The absorption rate inched up to 4.3 months (was 4.0 months for September).  Continuing as a seller’s market for the 34997 zip code area of Stuart for October 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 October, were: 331 active listings, 132 pending listings, and 58 closed sales.  Better closed activity this year with a lower inventory.

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