Stuart Florida Market Report ZIP Code 34996 Residential May 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2013
For May, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 161 active listings (Decreased by 11 home from April).
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55 Residential sales are pending and awaiting close or lender approval (Decreased by 2 from April).
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19 Homes Sold in May (Increased by 1 homes from April).
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In the 34996 zip code area of Stuart Florida real estate market activity for May 2013 closed sales increased by 1 home while pending sales were off by 2. Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties. The inventory dropped to only 161 homes available for sale.
The one month absorption rate for the 34996 zip code area of Stuart Florida for May dipped to 8.5 months, which is still a buyer’s market, though only slightly. 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 May of 2012 were: 173 active listings, 33 pending sales and 34 closed sales. Unlike other segments of the Martin County real estate market, the 34996 zip code is showing a decreased sales volume from last year, though this year’s pending sales are higher.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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