Stuart Florida Market Report ZIP Code 34996 – Residential, January 2013

February 16, 2013/Gabe Sanders/Market Reports, Real Estate

Stuart Florida Market Report ZIP Code 34996 – Residential, January 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2013

For January, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 180 active listings (Increased by 29 homes from December).

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23 Residential sales are pending and awaiting close or lender approval (No change from December).

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9 Homes Sold in January (Down 2 homes from December).

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In the 34996 zip code area of Stuart Florida real estate market activity for January 2013 the most glaring change is a fairly sizable increase in inventory. Pending sales remained unchanged and closed sales dropped slightly. If the inventory continues to increase, I expect a very active real estate market in the 34996 zip code area of Stuart.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January jumped to 20 months, which represents a strong buyer’s market. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for January of 2012 were: 190 active listings, 28 pending sales and 6 closed sales. Very similar numbers from last year to this year.

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