Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2011
For December 2011 in the 34996 Zip Code area of Stuart, Florida :
There are currently 179 active listings (Up 6 from November).
24 Residential sales are pending and awaiting close or lender approval (Down 4 from November).
10 Homes Sold in December (Down 4 from November).
The 34996 zip code area 0f Stuart Florida had a slow December with all results moving in the wrong direction. Hopefully, this is a short-term reflection of a slowdown in activity during the holiday season.
Comparing the numbers to December of 2010, there were 192 active listings, 32 pending sales and 5 closed sales. The sales rate is higher, but less pending sales and less inventory. If this trend continues, with less supply and greater demand, I expect prices to become more stabilized as long as there are no large numbers of distressed homes coming on the market which tend to be priced below market value and depreciate the market in general.
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