Stuart Florida Market Report ZIP Code 34994 Residential March 2015

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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

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

There are currently 76 active listings (Decreased by 13 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

45 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential March 2015

16 Homes Sold in February (Up by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

The 34994 ZIP code area of the Stuart, Florida showed some excellent activity for the month.  Both pending and closed sales increased very nicely.  Unfortunately, the active inventory is down and may impact future market activity as there is just not enough homes to choose from.

The one month absorption rate for the 34994 zip code for March decreased to 4.8 months from last months 8.1 months, transitioning into a strong seller’s market for March.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2013 numbers were 80 Active Listings, 35 pending sales and 10 closed sales.  A little better sold activity for this year, but this comes with increased inventory as compared to last year.  Considerably better activity for 2015 as compared to last March.

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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