Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2014
For February 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 152 active listings (Increased by 6 homes from January).
40 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from January).
6 Homes Sold in February (Decreased by 11 homes from January).
After a strong January for the 34996 zip code area of the Stuart Florida residential real estate market, the February closed sales were very slow, decreasing by almost 66%. Inventory and pending sales were up, though.
The one month absorption rate for the 34996 zip code area of Stuart Florida for February shot up to 25.2 months as compared to January’s 8.6 months. A strong buyers market for the 34996 zip code area 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 February of 2012 were: 179 active listings, 47 pending sales and 5 closed sales. This area still has a lower inventory than last year (which is becoming the exception for Martin County). Overall, very similar activity as compared to 2013.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Leave a Reply