Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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

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

There are currently 69 active listings (Up by 10 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

24 Residential sales are pending and awaiting close or lender approval (Increased by 10 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential February 2016

13 Homes Sold in January (Up by 3 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2016.

The one month absorption rate for the 34994 zip code for February dropped to 5.3 months from 5.9 months for January.  Back into 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 February 2014 numbers were 89 Active Listings, 33 pending sales and 11 closed sales.   Considerably better activity this year with a much reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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