Stuart Florida Market Report ZIP Code 34997 – Condo, January 2013
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2013
For January 2013 in the 34997 Zip Code area of Stuart, Florida :
There are currently 106 active condo listings (Increase of 8 condos form December).
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22 Condo sales are pending and awaiting close or lender approval (Up 11 from December).
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3 Condos Sold in January (A decrease of 7 condos from December).
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The one month absorption rate is at an atrocious 35 months. This is an extreme buyers market for the Stuart Florida Market Report ZIP Code 34997. Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller.
The January 2012 numbers were: 114 active listings, 24 pending sales and 13 closed sales. Compared to January of 2012, this year’s market leaves a lot to be desired. Almost all activity was softer in this segment for the beginning of 2013.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2013
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