Stuart Florida Market Report ZIP Code 34996 – Residential, March 2012
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2012
For March 2011 in the 34996 Zip Code area of Stuart, Florida :
There are currently 165 active listings (Down 18 from February).
36 Residential sales are pending and awaiting close or lender approval (Up 1 from February).
22 Homes Sold in March (Up 14 from February).
The 34996 zip code area of Stuart Florida showed very strong sales activity in March. Pending sales also remained steady and the inventory declined further in a continued positive trend for this section of the residential single family market in Stuart, Florida. The current absorption rate is under 8 months and is only a small number away from a balanced market. When factoring in the distressed sales, this is an impressive result for March.
Comparing the numbers to March of 2011, there were 201 active listings, 31 pending sales and 8 closed sales. This March’s activity is considerably better than last year, especially when one considers that there were almost 25% fewer homes available for sale on the market. Impressive results!
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