Stuart Florida Market Report ZIP Code 34996 – Condo, November 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2012

For November 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 209 active condo listings (Up 15 from last month).

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26 Condo sales are pending and awaiting close or lender approval (a decrease of 4 condos from October).

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12 Condos Sold in November (Down 5 from October)

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The Stuart Florida Market Report ZIP Code 34996 for Condo slowed some for November, not unexpected as this is typically an off month for condo sales.  Sales and future sales (pending listings) were off while the inventory showed the first increase in some time.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 17.4 months.  Quite a drop from last months 11 month absorption rate.

The numbers for November 2011 were: 225 active listings, 21 pending sales and 14 closed sales.  Very similar numbers to this year.