Stuart Florida Market Report ZIP Code 34996 Residential November 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2013
For November, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 139 active listings (Increased by 10 homes from October). 
29 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from October).
9 Homes Sold in November (Decreased by 4 homes from October).
For the 34996 zip code area of Stuart Florida real estate market, mixed results for November. A nice increase in inventory which will give buyers a greater selection of available homes for sale. Also, a small increase in pending sales which is a good sign for future activity. Unfortunately closed sales were down for this month.
The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 15.4 months as compared to October’s 9.9 months. A strong buyer’s market for the 34996 zip code area of Stuart. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for November of 2012 were: 157 active listings, 23 pending sales and 11 closed sales. Marginally better numbers this year as compared to 2012 when the reduced inventory is factored in.
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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