Stuart Florida Market Report ZIP Code 34997 Condo July 2013
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2013
For July 2013 in the 34997 Zip Code area of Stuart, Florida :
There are currently 80 active condo listings (An increase of 3 condos form June).
31 Condo sales are pending and awaiting close or lender approval (Down 1 condo from June).
12 Condos Sold in July (An increase of 4 condos from June).
A second slower month of activity for the Stuart condo market for the area in ZIP code 34997. Still, activity remains strong for the ‘off’ season for Florida. We need increased inventory for this market to get back to the fast pace we saw this spring.
The one month absorption rate dropped to 6.7 months. Very close to a balanced market. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The July 2012 numbers were: 100 active listings, 28 pending sales and 13 closed sales. Similar activity as compared to last year. With a 20% lower inventory, these are good results.
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 July 2013
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