Stuart Florida Market Report ZIP Code 34996 Condo June 2013

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

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

There are currently 184 active condo listings (Down 11 from last month).

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31 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from May).

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17 Condos Sold in June (Down by 8 from May)

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 Some easing in the Stuart Florida Market Report ZIP Code 34996 for Condos for June 2013.   Both pending and closed sales were off (and this for the second month in a row).  After a slight rise in inventory last month, June saw a decrease of 11 listings.  After a very strong spring, it appears that the seasonal nature of this condo market is manifesting itself.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 10.8 months. Back to a fairly significant buyers market for June of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for June 2012 were: 185 active listings, 27 pending sales and 20 closed sales.   Other than improved pending numbers, this years activity is a bit of a disappointment.