Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2014

For April 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down by 8 condos from last month).

  46 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from March).

41 Condos Sold in April (Increased by 7 condos from March) 

April had excellent closed activity for the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014.  Unfortunately pending sales were off a bit, though still strong.  Inventory also declined slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.5 months from March’s 4.4 .   An extremely strong sellers market representing a very strong spring for the 34996 condo market of Stuart, FL.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2012 were: 191 active listings, 44 pending sales and 32 closed sales.  Unlike the residential activity, it appears that the condo market is well outperforming last year.