Stuart Florida Market Report ZIP Code 34997 Condo August 2013
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013
For August 2013 in the 34997 Zip Code area of Stuart, Florida :
There are currently 81 active condo listings (An increase of 1 condo form July).
22 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from July).
11 Condos Sold in August (A decrease of 1 condo from July).
The activity for the Stuart condo market for the area in ZIP code 34997 remained slow for the summer season. A marginal increase in inventory, but a significant drop in pending sales and a small drop in closed sales. The lower pending sales numbers may indicate lower closed sales coming in the near future.
The one month absorption rate rose to 7.3 months. Back into a slight buyers market after months of a sellers market.. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The August 2012 numbers were: 98 active listings, 24 pending sales and 13 closed sales. Very similar activity to last year.
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013
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