Stuart Florida Market Report ZIP Code 34994 Residential August 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2013

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

There are currently 59 active listings (Up 4 from July).

33 Residential sales are pending and awaiting close or lender approval (Up 4 homes from July).

8 Homes Sold in July (Decreased by 7 homes from July)

The 34994 ZIP code area of the Stuart, Florida had a decrease in closed (sold) sales for the month of August.  On a positive note, the inventory rose slightly (for the second month in a row), though the inventory of available homes is still very low and is one reason for the lower number of closed sales.  Pending sales did go up from July and this is a good sign for future closed sales.

The one month absorption rate for the 34994 zip code for August rose to 7.4 months from last months 3.7 months.  Back into a very slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The August 2012 numbers were 58 Active Listings, 38 pending sales and 14 closed sales.   Unfortunately, for the 34994 zip code area of Stuart, FL the market was fractionally better last year as compared to August of 2013.

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