Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013
For March 2013 in the 34997 Zip Code area of Stuart, Florida :
There are currently 103 active condo listings (An increase of 1 condo form February).
39 Condo sales are pending and awaiting close or lender approval (Up 3 from February).
16 Condos Sold in March (An increase of 8 condos from February).
The Stuart condo market for the area in ZIP code 34997 showed a strong March . Sales doubled from February. Pending sales took a small increase after a significant rise last month. While the inventory basically stayed unchanged. One of the strongest months for condo activity in some years.
The one month absorption rate decreased to 6.4 months. Basically, 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 March 2012 numbers were: 109 active listings, 40 pending sales and 14 closed sales. An improvement from last March.
Stuart Florida Real Estate presented by:
Gabe Sanders
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