Stuart Florida Market Report ZIP Code 34997 Residential June 2013
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2013
There are currently 332 active listings (An increase of 34 homes from May).
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172 Residential sales are pending and awaiting close or lender approval (A decrease of 18 home from May).
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68 Homes Sold in June (Down 16 homes from May)
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For June 2013, the Stuart Florida Market Report ZIP Code 34997 bucked the trend from the other two zip codes in Stuart with a sharply higher inventory and decreased pending and closed numbers. Whether this is just a seasonal fluctuation or a trend, it’s just to early to call. But, as prices have started to increase it looks like some latent seller demand is coming to the market.
The current one month absorption rate rose to 4.9 months which still indicates a sellers market ( though it’s up from last months 3.5 month absorption rate). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate. Prices have started to rise in this zip code area of Martin County, which is probably one reason for the increased inventory.
The 2012 numbers were: 356 active listings, 204 pending listings and 78 closed sales. Slightly less activity for this year, but fairly close when the reduced inventory is taken into consideration.
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
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- Residential Properties for Sale in Stuart, Florida Between $19,500,000 – $20,000,000
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