Stuart Florida Market Report ZIP Code 34996 Residential July 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2013
For July, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 126 active listings (Decreased by 27 homes from June).
44 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from June).
15 Homes Sold in July (Decreased by 6 homes from June).
In the 34996 zip code area of Stuart Florida real estate market activity for July 2013 there was a large drop in inventory for July. Whether sellers are taking a break for the summer or waiting for prices to increase, only time will tell. Closed sales were off slightly in July while we did have a small rise in pending sales.
The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 8.4 months, remaining a buyer’s market. This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for July of 2012 were: 166 active listings, 28 pending sales and 11 closed sales. Considerably better activity this year as compared to last, especially when considering the lower number of available homes for sale.
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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