Stuart FL 34997 Residential Market Report September 2016

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Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2016

There are currently 309 active listings (Increased by 12 homes from August).

132 Residential sales are pending and awaiting close or lender approval (Down by 14 homes from August).

89 Homes Sold in September (Increased by 11 homes from August)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate and continues to be among the most active areas with strong sales numbers.  Inventory is rising and both pending sales as well as closed sales activity will also need to increase to keep this market as strong as it has been.

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     The absorption rate decreased slightly to 3.5 months (was 3.8 months for August).  Still a strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2015 numbers for September, were: 277 active listings, 174 pending listings and 81 closed sales.  Somewhat better closed activity this year but also with a greater inventory and fewer pending sales.