Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code February 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2014

 

There are currently 423 active listings (Decreased by 1 home from January).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

184 Residential sales are pending and awaiting close or lender approval (A increase of 35 homes from January).Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

63 Homes Sold in February (Increased by 12 homes from January)Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

The Stuart Florida Market for ZIP Code 34997 improved considerably from a somewhat poor start in January.  Inventory remained stable while both the pending and closed numbers showed excellent gains.
 
The current one month absorption rate rose to 6.7  months (was 8.3 months for January).   Back to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2013 numbers for February, were: 332 active listings, 243 pending listings and 47 closed sales.  Discounting pending sales, marginally better closed activity this year, though the inventory is considerably higher as well.  We still have strong pending numbers, but not as good as last year.  The increase in inventory appears to have exceeded the demand in the 34997 zip code area for residential sales, at least for the month of February.
 Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014
 
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code February 2014

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