Stuart Florida Market Report ZIP Code 34994 Residential September 2016

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2016

For September, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Unchanged from August)

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

34 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential September 2016

11 Homes Sold in August (Down by 2 homes from August)

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a nice increase with homes under contract (pending sales) which should translate ti an increasing number of closed sales for the coming months.  The inventory stayed unchanged from last month while closed sales were off by 2 homes.

The one month absorption rate for the 34994 zip code for September increased to 5.8 months from 4.9 months for August.  Just about up to a balanced 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 September 2015 numbers were 57 Active Listings, 28 pending sales and 12 closed sales.   Much the same as happened last year with a decrease in activity from August to September but this year still had better activity than last.

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

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Stuart Florida Market Report ZIP Code 34994 Residential September 2016

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