Stuart Florida Market Report ZIP Code 34994 Residential March 2016

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

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

There are currently 62 active listings (Down by 7 homes from February)

33 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

15 Homes Sold in February (Up by 2 homes from February)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed strong increases in both sales and pending activity while unfortunately getting very low, once again, with the available inventory.

The one month absorption rate for the 34994 zip code for March dropped to 4.1 months from 5.3 months for February.  A very strong 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 March 2014 numbers were 76 Active Listings, 45 pending sales and 16 closed sales.   Slightly better closed and pending volume from 2015, but it was also with a larger available inventory.

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