Stuart Florida 34994 Residential Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2019

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

There are currently 91 active listings (Up by 15 homes from December)

26 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

8 Homes Sold in May (Decreased by 5 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had an increase in both inventory and pending sales.  Unfortunately, closed sales were off for the month.

The one-month absorption rate for the 34994 zip code for December jumped up to 11.8 months from 5.8 months for December.  Returning to a buyer’s market for the 34994 zip code area of Stuart, FL after one month in a seller’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2018 numbers were 86 Active Listings, 38 pending sales, and 11 closed sales.  Better activity last year.

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