Stuart Florida Market Report ZIP Code 34997 Condo June 2013
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2013
For June 2013 in the 34997 Zip Code area of Stuart, Florida :
There are currently 77 active condo listings (A decrease of 10 condos form May).
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32 Condo sales are pending and awaiting close or lender approval (Up 2 condos from May).
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8 Condos Sold in June (A decrease of 9 condos from May).
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The one month absorption rate rose to 9.6 months. Now back to a buyers market, after months of sellers having the advantage. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The June 2012 numbers were: 109 active listings, 26 pending sales and 12 closed sales. Other than better pending numbers, the 34997 condo market is off from last year. The very low inventory numbers are troubling for future activity.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2013
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