Stuart Florida Market Report ZIP Code 34996 – Residential, August 2012
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2012
For August, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 166 active listings (Unchanged from July).
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34 Residential sales are pending and awaiting close or lender approval (Up 6 from July).
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6 Homes Sold in August (Down 5 from July).
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The 34996 zip code area of Stuart Florida showed a decrease in sales for August. Pending sales were up as compared to last month while inventory remained unchanged. We continued to have some excellent sales in the higher price brackets this month, continuing a trend from July. The one month absorption rate for the 34996 zip code area of Stuart Florida for August is 33 months, which still has plenty of room for improvement. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for August of 2011 were: 160 active listings, 28 pending sales and 9 closed sales. Unusually better numbers last year than for 2012, compared to other segments of the martin County real estate market.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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