Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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

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

There are currently 70 active listings (Unchanged from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

33 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential July 2016

18 Homes Sold in June (Up by 1 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued the summer with strong activity for July with positive future activity (pending sales) and also an increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from 4.1 months for June.  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 July 2014 numbers were 62 Active Listings, 32 pending sales and 16 closed sales.   Slightly better sales numbers for this year when compared to July of 2015.

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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