Stuart Florida Market Report ZIP Code 34996 Residential September 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2013
For September, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 140 active listings (Increased by 15 homes from August).
16 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from August).
13 Homes Sold in September (Decreased by 12 homes from August).
Unfortunately, very soft numbers for the 34996 zip code area of Stuart Florida real estate market activity for September 2013. Pending sales took a double digit hit for the second month in a row while closed sales were also off by 12 homes. The inventory took a nice jump, which makes more homes available for potential buyers.
The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 10.8 months as compared to August’s 5 months, having slipped back into a buyers market. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for September of 2012 were: 154 active listings, 34 pending sales and 7 closed sales. Marginally outperforming last years market, though the reduced pending sales numbers are troubling.
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
Leave a Reply