Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2013
For March 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 175 active listings (Decreased by 4 homes from February).
55 Residential sales are pending and awaiting close or lender approval (Increased by 8 from February).
14 Homes Sold in March (Increased by 9 homes from February).
In the 34996 zip code area of Stuart Florida real estate market activity for March 2013 both pending sales and closed sales rose while the inventory decreased again. Sales activity is strong and we are seeing multiple offers on some well priced desirable properties.
The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 12.5 months, which is still a strong 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 March of 2012 were: 165 active listings, 36 pending sales and 22 closed sales. The 34996 zip code area of Stuart is one of the few sections that actually had better activity last year.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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