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

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

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

 

There are currently 424 active listings (Increased by 30 homes from December).

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

149 Residential sales are pending and awaiting close or lender approval (A increase of 19 homes from December).

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

51 Homes Sold in January (Down by 34 homes from December)

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

The Stuart Florida Market for ZIP Code 34997 started the year with mixed results.  A large rise in inventory as well as a nice jump in pending sales. Unfortunately closed sales took a big drop.  I expect closed sales for January will come up significantly and think this was just a seasonal result.
 
The current one month absorption rate rose to 8.3  months, going back into a buyers market for January (was 4.6 months absorption rate for December).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2013 numbers for January, were: 361 active listings, 190 pending listings and 54 closed sales.  Inventory is higher than 2013 and overall activity was not as good as last year.
 
 Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code January 2014
 
 

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

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