Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2014
For April 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 186 active listings (Increased by 22 homes from March).
52 Residential sales are pending and awaiting close or lender approval (Increased by 5 homes from March).
11 Homes Sold in April (Decreased by 4 homes from March).
Other than lower closed volume for the 34996 zip code area of the Stuart Florida residential real estate market continues to improve, with both higher inventory and pending sales. The pending sales figures should translate to greater closed volume in the coming months.
The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 16.9 months as compared to March’s 10.8 months. This is not a pretty picture for sellers, but can indicate some strong advantages to buyers interested in this part of Stuart. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for April of 2012 were: 172 active listings, 57 pending sales and 18 closed sales. Better numbers all around, last year. Though it appears that the 34996 area of Stuart is poised for a god summer.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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