Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2013

For February, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 134 active condo listings (A drop of 24 condos from January).

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[singlepic id=3417 w=600 h=600 float=center]

 

50 Condo sales are pending and awaiting close or lender approval. (Up 9 condos from last month)

[singlepic id=3418 w=600 h=600 float=center]

 

19 Condos Sold in February (An increase of 4 condos from January).

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Another strong month for the Stuart Condo market for zip code 34994.   Both pending and closed sales increased from January.  Unfortunately the inventory decreased by a fairly large amount.

The one month absorption rate dropped to 7 months, which still signifies a buyers market, although only a slight one.  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 February the numbers were 134 active listings, 43 pending sales, and 7 closed sales.  Considerably better numbers for this year with a similar inventory. 

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