Stuart Florida Market Report ZIP Code 34997 – Residential, January 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2013

 

There are currently 361 active listings (An increase of 25 homes from December).

[singlepic id=3289 w=600 h=600 float=center]

[singlepic id=3290 w=600 h=600 float=center]

 

190 Residential sales are pending and awaiting close or lender approval (An increase of 26 homes from December).

[singlepic id=3291 w=600 h=600 float=center]

 

54 Homes Sold in January (Down 8 homes from December)

[singlepic id=3292 w=600 h=600 float=center]

[singlepic id=3293 =600 h=600 float=center]

[singlepic id=3294 w=600 h=600 float=center]

[singlepic id=3295 =600 h=600 float=center]

After a stong finish to the year the Stuart Florida Market Report ZIP Code 34997 started out with some slower closed sales.  However, the number of active listings as ell as the pending sales were both up by a good number.  This should indicate a fairly healthy next few months for this market.

 

The current one month absorption rate dropped to 6.7 months which indicates a slight  buyers advantage for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.

 

The 2012 numbers were: 530 active listings, 205 pending listings and 45 closed sales.  The most striking number from last year is the difference in inventory of available homes for sale.