Stuart Florida Market Report ZIP Code 34996 Residential August 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2013
For August, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 125 active listings (Decreased by 1 home from July).
26 Residential sales are pending and awaiting close or lender approval (Decreased by 18 homes from July).
25 Homes Sold in August (Increased by 10 homes from July).
In the 34996 zip code area of Stuart Florida real estate market activity for August 2013 there was a nice jump in closed sales from July. Unfortunately pending sales were off by a large number as well indicating possibly slower market activity for the coming months. Not an unexpected possibility as we are approaching our ‘off’ season. Inventory remains low and was basically unchanged from July.
The one month absorption rate for the 34996 zip code area of Stuart Florida for August dipped to 5 months as compared to July’s 8.4 months, indicating a sellers market for now. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for August of 2012 were: 166 active listings, 34 pending sales and 6 closed sales. Still outperforming last years market, though the reduced pending sales numbers are troubling.
Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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