Stuart Florida Market Report ZIP Code 34994 Residential November 2015

Stuart Florida Market Report ZIP Code 34994 Residential November 2015

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

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

There are currently 61 active listings (Increased by 5 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2015

25 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential November 2015

12 Homes Sold in October (Up by 4 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2015

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida swing back to an active month prior to the holiday season, with a very nice increase in closed sales.  Inventory was up slightly and unfortunately the pending sales ( a sign of potential future activity) dropped a little.

The one month absorption rate for the 34994 zip code for November decreased to 5.1 months from last months 6.9 months, seesawing back and forth for the past few months, now back into a sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2014 numbers were 77 Active Listings, 35 pending sales and 11 closed sales.   Similar volume of closed sales as to last year, while having a lower inventory and also a lower number of pending sales.

Stuart Florida Market Report ZIP Code 34994 Residential November 2015

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Stuart Florida Market Report ZIP Code 34994 Residential November 2015

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