Stuart Florida Market Report ZIP Code 34994 Residential October 2015

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

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

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

There are currently 55 active listings (Dercreased by 2 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

30 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential October 2015

8 Homes Sold in September (Down by 4 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida slid back a little for October as closed sales decreased.  Pending sales remain strong and I expect this segment of the Stuart real estate market to remain healthy for next year.

The one month absorption rate for the 34994 zip code for October decreased to 6.9 months from last months 4.8 months, seesawing back and forth for the past few months, now 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 2014 numbers were 70 Active Listings, 36 pending sales and 8 closed sales.   Slightly better pending sales and an equal number of closed sales from last year, though there was greater inventory as well.

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

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Stuart Florida Market Report ZIP Code 34994 Residential October 2015

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