Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2011

 

There are currently 503 active listings (an increase of 19 from August).

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181 Residential sales are pending and awaiting close or lender approval (Unchanged from August).

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60 Homes Sold in August (Up 4 from August)

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Little change in pending and sales numbers for the 34997 Zip code area of Stuart Florida.  Sales up slightly and pending sales (sales under contract but not yet closed) unchanged.  The most noticeable statistic in this Stuart Florida market report is that theinventory rose by 19 homes.  This is the first increase in quite some time.This increase in inventory is also attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer season.  Most efforts to time the market, especially when made in relatively large numbers become self defeating as in this trying market, this increase in inventory may just drive the market a bit lower.However, for buyers, especially for those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

 

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