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

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

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

There are currently 142 active condo listings (Down 1 condo from August).

45 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

12 Condos Sold in September (Decreased by 1 condo from August).

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were off by 1 unit while pending sales were up an additional 2 condos and the available inventory continues to decrease.  The one month absorption rate is at 11.8 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 September the numbers were 132 active listings, 45 pending sales, and 18 closed sales.  There is still room for improvement in this segment of the Stuart Florida condo market.