Stuart Florida Market Report ZIP Code 34996 Condo November 2013

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

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

There are currently 178 active condo listings (Up by 7 condos from last month).

35 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from October).

17 Condos Sold in November (Down by 5 condos from October) 

Mostly small changes for the real estate market in the Stuart Florida Market Report ZIP Code 34996 for Condos for November 2013.  Sales were down, while pending sales rose.   The inventory rose some this month gaining back some of the loss of inventory from last month.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo increased to 10.5 months from October’s 7.8.  A strong buyers market for November of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for November 2012 were: 209 active listings, 26 pending sales and 12 closed sales.  Still, considerably better activity this year when compared to 2012.