Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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

 

There are currently 331 active listings (A decrease of 1 home from June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

166 Residential sales are pending and awaiting close or lender approval (A decrease of 6 home from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

62 Homes Sold in July (Down 6 homes from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

Activity eased for the second month in a row for the Stuart Florida Market Report ZIP Code 34997.  Inventory remained basically unchanged while both pending and closed sales saw decreases.  This is still a sellers market for now, but if this trend continues we will probably see a more balanced market in the next few months.
 
The current one month absorption rate rose to 5.3 months which still indicates a sellers market ( though it’s up from last months 4.9 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 330 active listings, 222 pending listings and 50 closed sales.  Better closed activity this year, while pending sales are significantly lower.  Unusually for this segment of the Stuart residential market, the inventory is similar to last year.  (Most of our areas have reduced inventory this year as compared to last)
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
Market Summary - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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