Stuart Florida 34994 Residential Market Report December 2018
Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2018
For November 2018 in the 34994 Zip Code area of Stuart, Florida :
There are currently 76 active listings (Unchanged from November)
17 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).
13 Homes Sold in May (Increased by 8 homes from November)
The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded with a good number of closed sales even if the pending sales are off a little. The inventory remains unchanged.
The one-month absorption rate for the 34994 zip code for December dropped down to 5.8 months from 15.2 months for November. Returning to a seller’s market for the 34994 zip code area of Stuart, FL after one month in a buyer’s market. A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.
The December 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales. Better sales numbers while fewer pending sales on similar inventory numbers when comparing year to year activity.
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- Residential Properties for Sale in Stuart, Florida Between $1,500,000 – $2,000,000
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- Residential Properties for Sale in Stuart, Florida Between $7,500,000 – $8,000,000
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