Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2013
For April 2013 in the 34997 Zip Code area of Stuart, Florida :
There are currently 101 active condo listings (A decrease of 2 condos form March).
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29 Condo sales are pending and awaiting close or lender approval (Down 10 condos from March).
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34 Condos Sold in April (An increase of 18 condos from March).
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The one month absorption rate decreased to 3 months. For April, this represents a major shift into a strong seller’s market. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The April 2012 numbers were: 115 active listings, 34 pending sales and 18 closed sales. Other than the big increase in closed sales for this year, numbers are fairly similar to April of 2012. I expect a return to a more balanced market in the coming months with the lower pending activity.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2013
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