Stuart Florida Market Report ZIP Code 34996 – Residential, October 2012
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2012
For October, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 157 active listings (Increased 4 homes from September).
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33 Residential sales are pending and awaiting close or lender approval (Down 1 from September).
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12 Homes Sold in October (Up 5 from September).
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The 34996 zip code area of Stuart Florida showed an increase in sales for October. Pending sales were basically unchanged (down 1) from last month while the inventory had a small increase. Good results when considering that this is still our off season. The one month absorption rate for the 34996 zip code area of Stuart Florida for October is 12.8 months, which still has plenty of room for improvement. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for October of 2011 were: 161 active listings, 35 pending sales and 5 closed sales.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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