Stuart Florida 34994 Residential Market Report November 2017

Stuart Florida 34994 Residential Market Report November 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2017

For November 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 81 active listings (Up by 4 homes from October)

Stuart Florida 34994 Residential Market Report November 2017

28 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

Stuart Florida 34994 Residential Market Report November 2017

13 Homes Sold in October (Increased by 1 homes from October)

Stuart Florida 34994 Residential Market Report November 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed continued positive sales and pending numbers along with an unusual rise in inventory.

The one-month absorption rate for the 34994 zip code for November decreased to 6.2 months from 6.3 months for October.  Remaining in a balanced 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 November 2016 numbers were 45 Active Listings, 31 pending sales, and 14 closed sales.  Similar pending and sales numbers this year but this is with almost double the inventory, making for a much poorer ratio as compared to last year.

Stuart Florida 34994 Residential Market Report November 2017

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Stuart Florida 34994 Residential Real Estate Market Report November 2017

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