Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2012

For January 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active listings (Down 4 from December).

38 Residential sales are pending and awaiting close or lender approval (Up 7 from December).

6 Homes Sold in January (Down 1 homes from December)

The 34994 ZIP code area of Stuart did a bit better than last month though 1 less home actually closed (sold) as opposed to December.  The good news is that the inventory went back down a little and pending home sales are up, indicating more activity and sales for the near future.  Comparing the activity to January of 2011 when there were 111 active listings with 42 pending sales and 6 closed sales, we’re still not seeing as robust activity as we would like.  These numbers are very similar to last year although we do have reduced inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we continue in the height of the season these months.