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

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

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

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

There are currently 177 active listings (Up 17 from August).

23 Residential sales are pending and awaiting close or lender approval (down 5 from August).

12 Homes Sold in September (up 3 from August).

Other than a small rise in sales of 3 homes from August, the 34996 ZIP Code area of Stuart Florida showed an increase in inventory as well as a decrease in pending sales.  How much of this is seasonal as opposed to a reflection of the economy remains to be determined. This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower. However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.This will be an interesting season to watch!

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

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