Stuart Florida Market Report ZIP Code 34994 Condo, June 2013

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

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

There are currently 112 active condo listings (Decreased by 1 condo from May).

[singlepic id=3756 w=500 h=500 float=center]

52 Condo sales are pending and awaiting close or lender approval. (Up by 10 condos from last month)

[singlepic id=3757 w=500 h=500 float=center]

17 Condos Sold in June (Decreased by 13 condos from May).

[singlepic id=3759 w=800 h=800 float=center]

Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales increased significantly by 10 condos in June while closed sales decreased to only 17 units.   The inventory declined again, but only by 1 condo.  This low inventory June result in decreasing market numbers in the coming months.

The one month absorption rate jumped up to 6.6 months, a very slight buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 140 active listings, 40 pending sales, and 12 closed sales.  Even with the reduced activity from last month, this years numbers are a significant improvement over June of 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

[singlepic id=3758 w=700 h=700 float=center]