Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2012

For December, 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Unchanged from November).

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35 Condo sales are pending and awaiting close or lender approval. (Down 7 condos from last month)

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14 Condos Sold in December (An increase of 3 condos from November).

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After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we passed the holidays.  The bright note is that end of year bargain hunters closed on 14 condos an increase from the previous prices.  All were in the under $100,000 price range.  The inventory remained unchanged while pending sales were off.  An expected result as there is typically considerably reduced traffic during the holidays. 

The one month absorption rate is at 11 months, which still signifies a buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last December the numbers were 153 active listings, 35 pending sales, and 13 closed sales.  Almost identical to this years activity.