Stuart Florida Market Report ZIP Code 34994 Residential October 2014

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2014

For October, 2014 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 70 active listings (Up 8 from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

36 Residential sales are pending and awaiting close or lender approval (Down by 4 from September).

Stuart Florida Market Report ZIP Code 34994 Residential October 2014 

8 Homes Sold in September (Decreased by 5 homes from September)


Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

The 34994 ZIP code area of the Stuart, Florida retreated some more in activity as compared to the past few months.  This is fairly common for this time of the year in the Stuart FL real estate market.  Inventory was up and both closed and pending sales were off for the month.

The one month absorption rate for the 34994 zip code for October decreased to 8.8 months from last months 4.8 months.  shifting back into a buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The October 2013 numbers were 62 Active Listings, 48 pending sales and 8 closed sales.   Closed sales were equal to last year.  Unfortunately pending sales are lower this year which will not be good for future closed sales.  Inventory is up slightly.

 Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

 

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Stuart Florida Market Report ZIP Code 34994 Residential October 2014

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