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

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

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

There are currently 153 active condo listings (Up 10 condo from October).

[singlepic id=3118 w=600 h=600 float=center]

[singlepic id=3119 w=600 h=600 float=center]

42 Condo sales are pending and awaiting close or lender approval. (Down 3 condos from last month)

[singlepic id=3120 w=600 h=600 float=center]

11 Condos Sold in November (Decreased by 2 condos from October).

[singlepic id=3121 w=600 h=600 float=center]

[singlepic id=3122 w=600 h=600 float=center]

[singlepic id=3123 w=600 h=600 float=center]

[singlepic id=3124 w=600 h=600 float=center]

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 approach the holidays.  Sales were off by 2 units and pending sales also were off by 3 condos. while the  available inventory was up by 10 units.  The one month absorption rate is at 14 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 November the numbers were 146 active listings, 35 pending sales, and 10 closed sales.