Stuart Florida Market Report ZIP Code 34994 Residential February 2015

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

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

There are currently 89 active listings (Increased by 4 homes from January)

33 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from last month).

11 Homes Sold in January (Up by 2 homes from January)

The 34994 ZIP code area of the Stuart, Florida had a small increase in inventory for February 2015.  Closed sales were up slightly while pending sales decreased, though they are still fairly strong.

The one month absorption rate for the 34994 zip code for February decreased to 8.1 months from last months 9.9 months, still a buyers market for February.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2013 numbers were 77 Active Listings, 34 pending sales and 9 closed sales.  A little better sold activity for this year, but this comes with increased inventory as compared to last year.  Overall, a bit sluggish market for the start of 2015, but it appears to be getting a little momentum.

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