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

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

For October, 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 67 active listings (Up 6 from September).

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32 Residential sales are pending and awaiting close or lender approval (Down 5 from September).

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9 Homes Sold in October (Down 3 homes from September)

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The 34994 ZIP code area of the Stuart, Florida real estate market activity has cooled slightly after a very strong spring.   Inventory has crept up again for the second month in a row which makes more homes available for buyers.  Both pending and closed sales were off slightly.

The one month absorption rate for this zip code is just over 7 months, which signifies a shift to a slight buyers market, after many months of under 6 month rates (sellers market).  Still an excellent time for those wishing to place their homes on the market for sale.  The October 2011 numbers were 77 Active Listings, 36 pending sales and 9 closed sales.