Stuart Florida 34994 Residential Market Report November 2018

Stuart Florida 34994 Residential Market Report November 2018

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

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

There are currently 76 active listings (Down by 9 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

Stuart Florida 34994 Residential Market Report November 2018

5 Homes Sold in May (Decreased by 10 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a dip in inventory and a large drop in sales.  Pending sales rose, just slightly.

The one-month absorption rate for the 34994 zip code for November jumped up to 15.2 months from 5.7 months for October.  Transitioning into a buyer’s market for the 34994 zip code area of Stuart, FL.  First time in quite a while for this area to be 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 November 2017 numbers were 81 Active Listings, 28 pending sales, and 13 closed sales.  There was better all-around activity last year.

Stuart Florida 34994 Residential Market Report November 2018

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Stuart Florida 34994 Residential Real Estate Market Report November 2018

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