Stuart Florida Market Report ZIP Code 34996 – Residential, October 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2011

For October 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 161 active listings (Down 16 from September).

35 Residential sales are pending and awaiting close or lender approval (Up 12 from September).

5 Homes Sold in October (Down 7 from September).

Bucking the trend for the rest of Stuart, the 34996 zip code area had fairly positive results for October 2011, with an increase in pending sales and a decrease in inventory. The only negative was a decrease in closed sales in October.  With lower inventory levels and increased pending sales, we should see some pressure on prices to remain stable for the next few months, provided we don’t have any increase in distressed sales (short sales and foreclosures).