Stuart Florida Market Report ZIP Code 34994 Residential August 2015

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2015

For August, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Decreased by 10 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

21 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential August 2015

9 Homes Sold in July (Down by 7 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida slowed a bit from the torrid pace of last month.  Though it’s still an active market.  The most troubling statistic is the sharp drop in inventory.

The one month absorption rate for the 34994 zip code for August increased to 5.8 months from last months 3.9 months, just about back into a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2014 numbers were 67 Active Listings, 39 pending sales and 10 closed sales.   Considerably more listings and pending sales last year.

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

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Stuart Florida Market Report ZIP Code 34994 Residential August 2015

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