Stuart Florida Market Report ZIP Code 34997 – Condo, October 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, October 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2012

 

For October 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 99 active condo listings (A decrease of 2 condos form September).

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21 Condo sales are pending and awaiting close or lender approval (Up 2 condos from September).

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6 Condos Sold in October (A decrease of 3 condos from September).

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Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a pretty lackluster month for October.  Basically unchanged from September, with only minor variations.  With the holidays coming up, we’re not expecting any major movement in the Stuart condo market.  Possibly an increase in inventory as often condo owners will try to time the market for the winter and spring season when activity tends to be a bit higher.

The one month absorption rate is at 16.5 months, indicating a continued strong buyers market.

The October 2011 numbers were: 120 active listings, 13 pending sales and 10 closed sales.  Other than approximately 20% less available inventory, the numbers are fairly similar to October 2011.

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2012

 

 

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