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

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

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

There are currently 143 active condo listings (Up 1 condo from September).

[singlepic id=3019 w=600 h=600 float=center]

[singlepic id=3020 w=600 h=600 float=center]

45 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

[singlepic id=3021 w=600 h=600 float=center]

13 Condos Sold in October (Increased by 1 condo from September).

[singlepic id=3022 w=600 h=600 float=center]

[singlepic id=3023 w=600 h=600 float=center]

[singlepic id=3024 w=600 h=600 float=center]

[singlepic id=3025 w=600 h=600 float=center]

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were up by 1 unit while pending sales remained unchanged and the available inventory was up by 1 unit.  The one month absorption rate is at 11 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last October the numbers were 135 active listings, 31 pending sales, and 21 closed sales.