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Stuart FL 34997 Residential Market Report October 2019

12.03.19 by

Stuart FL 34997 Residential Market Report October 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2019

For October 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 273 active listings (Increased by 18 homes from September).

Stuart FL 34997 Residential Market Report October 2019 

133 Residential sales are pending and awaiting close or lender approval (Down by 31 homes from September). 

Stuart FL 34997 Residential Market Report October 2019 

100 Homes Sold in October (Increased by 39 homes from September)

Stuart FL 34997 Residential Market Report October 2019

      The Stuart Florida Residential Market for ZIP Code 34997 remains as one of the most active segments of the Martin County residential real estate market.  Our results were quite impressive for October with very strong closed sales numbers.  We did show a decrease in pending sales, but these are still strong results.
     The absorption rate plunged to 2.7 months (was 4.2 months for September).  We remain in an extreme seller’s market for the 34997 zip code area of Stuart for October 2019.  A typical balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for October, were: 316 active listings, 123 pending listings, and 63 closed sales.  This is a considerably stronger sales and pending sales figures on a smaller inventory this year.  We are showing very impressive results for this segment of the Stuart FL real estate market.
Stuart FL 34997 Residential Market Report October 2019

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Stuart FL 34997 Residential Market Report October 2019

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