Stuart Florida Market Report ZIP Code 34997 Residential November 2013
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2013
There are currently 396 active listings (Increased by 15 homes from October). 
143 Residential sales are pending and awaiting close or lender approval (A decrease of 28 homes from October).
71 Homes Sold in November (Up by 9 homes from October)
Mostly positive signs from the Stuart Florida Market Report ZIP Code 34997 residential real estate market. Unlike many other areas of Martin County the 34997 zip code had a significant rise in inventory in the past two months. Closed sales were also up. The only point of some concern was a drop in pending activity for November.
The current one month absorption rate dropped to 5.6 months making this segment of the Stuart residential market once again a seller’s market (up from last months 6.15 month absorption rate). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2012 numbers were: 359 active listings, 191 pending listings and 44 closed sales. Interestingly there’s a significantly higher inventory for this segment of the Martin County real estate market. Closed activity is much higher for this year. While the number of potential future sales (pending inventory) is a bit worrisome this month.
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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