Stuart Florida Market Report ZIP Code 34997 Condo October 2013
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013
For October 2013 in the 34997 Zip Code area of Stuart, Florida :
There are currently 91 active condo listings (Increased by 15 condos form September).
17 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from September).
19 Condos Sold in October (Increased by 12 condos from September).
The one month absorption rate dropped to 4.8 months from last months 10.9. Back into a strong sellers market. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. Though with reduced pendings numbers this may swing back to a buyers market again soon.
The October 2012 numbers were: 99 active listings, 21 pending sales and 6 closed sales. Much better closed activity this year.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013
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