Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2013

For August 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 178 active condo listings (Up 2 from last month).

22 Condo sales are pending and awaiting close or lender approval (A decrease of 10 condos from July). 

13 Condos Sold in August (Down by 3 from July)

The Stuart Florida Market Report ZIP Code 34996 for Condos for August 2013 showed an reduced amount of activity from previous months.   Both pending and closed sales were off from July and the inventory remains fairly steady.  We are entering our slower season for condo sales and I would not be surprised to see reduced activity continue for the next few months.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 13.7 months from July’s 11.  Continuing as a strong buyers market for August of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for August 2012 were: 190 active listings, 19 pending sales and 12 closed sales.   Better activity for this year as compared to last, especially when the reduced inventory is considered.