Stuart Florida 34994 Residential Market Report October 2018

Stuart Florida 34994 Residential Market Report October 2018

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

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

There are currently 85 active listings (Up by 13 homes from September)

Stuart Florida 34994 Residential Market Report October 2018

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

Stuart Florida 34994 Residential Market Report October 2018

15 Homes Sold in May (Decreased by 2 homes from September)

Stuart Florida 34994 Residential Market Report October 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida is showing a welcome increase in inventory.  Unfortunately, sales were off when compared to last month.

The one-month absorption rate for the 34994 zip code for October rose to 5.7 months from 4.2 months for September.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL.  This is getting very close to a balanced market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2017 numbers were 76 Active Listings, 27 pending sales, and 12 closed sales.  With a higher inventory, better cllosed activity this year. Pending sales were better last year.

Stuart Florida 34994 Residential Market Report October 2018

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Stuart Florida 34994 Residential Real Estate Market Report October 2018

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