Stuart Florida Market Report ZIP Code 34994 Residential April 2016

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2016

For April, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 65 active listings (Up by 2 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

49 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential April 2016

10 Homes Sold in March (Down by 5 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a slow month of April for closed sales while at the same time showing some pretty good increase in pending sales.  This should signal an increase in closed sales for the coming months.

The one month absorption rate for the 34994 zip code for April jumped to 6.5 months from 4.1 months for March.  Back to a balance market for the 34994 zip code area of Stuart, FL (even though I suspect this is only temporary).  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2014 numbers were 68 Active Listings, 33 pending sales and 21 closed sales.   Better closed sales numbers for last year but higher pending sales for this year.

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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