Stuart Florida 34994 Residential Market Report August 2018

Stuart Florida 34994 Residential Market Report August 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2018

For July 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Unchanged from July)

Stuart Florida 34994 Residential Market Report August 2018

28 Residential sales are pending and awaiting close or lender approval (Decreased by 2 homes from last month).

Stuart Florida 34994 Residential Market Report August 2018

15 Homes Sold in May (Decreased by 6 homes from July)

Stuart Florida 34994 Residential Market Report August 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a somewhat weaker month than last month.  Both closed and pending sales decreased.  The inventory remained unchanged.

The one-month absorption rate for the 34994 zip code for August rose to 4.7 months from 3.4 months for July.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2017 numbers were 77 Active Listings, 26 pending sales, and 16 closed sales.  Very similar activity when compared to last year.

Stuart Florida 34994 Residential Market Report August 2018

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Stuart Florida 34994 Residential Real Estate Market Report August 2018

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