Stuart Florida Market Report ZIP Code 34996 Residential June 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2013
For June, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 153 active listings (Decreased by 8 homes from May).
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42 Residential sales are pending and awaiting close or lender approval (Decreased by 13 from May).
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21 Homes Sold in June (Increased by 2 homes from May).
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In the 34996 zip code area of Stuart Florida real estate market activity for June 2013 closed sales increased again, by 2 homes while pending sales were off by 13. Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties. The inventory dropped to only 153 homes available for sale.
The one month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 7.2 months, which is still a slight 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 June of 2012 were: 159 active listings, 32 pending sales and 8 closed sales. Market activity has improved from June of 2012, although only marginally. There have been some advances in sales in the higher priced homes which have been difficult sales in the past few years.
Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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