Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

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

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

There are currently 64 active listings (Down by 6 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

25 Residential sales are pending and awaiting close or lender approval (Decreased by 8 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential August 2016

13 Homes Sold in July (Down by 5 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July.  Still in a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales.   Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

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Stuart Florida Market Report ZIP Code 34994 Residential August 2016

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