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

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

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

There are currently 158 active condo listings (Increase of 5 condos from December).

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41 Condo sales are pending and awaiting close or lender approval. (Up 6 condos from last month)

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15 Condos Sold in January (An increase of 1 condo from December).

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A fairly good month for the Stuart Condo market for zip code 34994.  Not quite as strong as some of the earlier fall moths, but with a slight increase in inventory as well as increases in both pending and closed sales, this segment seems to be holding its own. 

The one month absorption rate is at 10.5 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 January the numbers were 154 active listings, 33 pending sales, and 11 closed sales.  Slightly better numbers for this year with a similar inventory.  This should continue through the year.