Stuart Florida Market Report ZIP Code 34994 Residential October 2016
Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2016
For October, 2016 in the 34994 Zip Code area of Stuart, Florida :
There are currently 56 active listings (Decreased by 8 homes from September)
32 Residential sales are pending and awaiting close or lender approval (Decreased by 2 homes from last month).
16 Homes Sold in September (Up by 5 homes from September)
The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had very strong activity for what is typically a slow month for the area. Unfortunately the inventory of active listings is getting a bit to small once again.
The one month absorption rate for the 34994 zip code for October plunged to 3.5 months from 5.8 months for September. Back into a 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 October 2015 numbers were 55 Active Listings, 30 pending sales and 8 closed sales. A much improved market for this year when compared with last year..
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Stuart Florida Market Report ZIP Code 34994 Residential October 2016
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