For August 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 355 active listings (Decreased by 8 homes from July)

 155 Residential sales are pending and awaiting close or lender approval. (Decreased by 7 homes from last month)

74 Homes Sold in July (Increased by 3 sold homes from July)

After a very strong July, the Palm City FL 34990 residential real estate market continues to show strong sales activity while the inventory of available homes for sale continues to decrease.  Prices continue their steady march higher so we’ll see if this is enough of an incentive to make potential sellers put their homes on the market in the coming months.  Though, I don’t anticipate any large movement until the end of the holiday season.

 The current absorption rate decreased slightly to to 4.8  months from 5.1 months in July.  Still a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For July 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 363 active listings (Increased by 5 homes from June)

 162 Residential sales are pending and awaiting close or lender approval. (Decreased by 1 homes from last month)

71 Homes Sold in June (Decreased by 57 sold homes from June)

After a very strong June, the Palm City FL 34990 residential real estate market eased a bit for July.  Though still excellent activity and one that is far more sustainable for the future.  Of interest, is the small rise in inventory.  Hopefully this will continue for the coming months.

 The current absorption rate jumped up to 5.1 months from 2.8 months in June.  Still a slight sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For June 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 358 active listings (Decreased by 3 homes from May)

 163 Residential sales are pending and awaiting close or lender approval. (Decreased by 41 homes from last month)

128 Homes Sold in May (Increased by 28 sold homes from May)

After a very strong May, the Palm City FL 34990 residential real estate market came in with even more for June.  Unfortunately the inventory has dropped to a point that future pending sales have decreased and I believe the volume of future closed sales will suffer unless we get more homes available on the market.

 The current absorption rate dropped to 2.8 months from 3.6 months in May.  An extreme sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For May 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 361 active listings (Decreased by 20 homes from April)

  204 Residential sales are pending and awaiting close or lender approval. (Decreased by 13 homes from last month)

100 Homes Sold in April (Increased by 27 sold homes from April)

The Palm City FL 34990 residential real estate market was very strong for May.  Closed sales were up from last month while the pending sales dropped slightly.  Unfortunately the active inventory continues to declines which may impact the future sales for this area.

 The current absorption rate dropped to 3.6 months from 5.2 months in April.  A sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For April 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 381 active listings (Decreased by 54 homes from March)

  217 Residential sales are pending and awaiting close or lender approval. (Increased by 29 homes from last month)

73 Homes Sold in March (Increased by 5 sold homes from March)

The Palm City FL 34990 residential real estate market was very strong for April.  Both closed and pending sales were up from previous months.  Unfortunately the active inventory continues to declines which may impact the future sales for this area.

 The current absorption rate dropped to 5.2 months from 6.4 months in March.  A sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For March 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 435 active listings (Decreased by 15 homes from February)

  188 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from last month)

68 Homes Sold in February (Increased by 13 sold homes from February)

The Palm City FL 34990 residential real estate rebounded for March with some strong gains in both pending and closed sales.  Unfortunately, a decrease in inventory bringing us below last years levels.

 The current absorption rate dropped to 6.4 months from 8.2 months in February. Back into a balanced buyer’s market for Palm City residential real estate market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For February 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 450 active listings (Increased by 7 homes from January)

  164 Residential sales are pending and awaiting close or lender approval. (Increased by 6 homes from last month)

55 Homes Sold in January (No change in sold homes from January)

The Palm City FL 34990 residential real estate continued with some fairly sluggish sold numbers while pending sales remain quite strong, so I’m anticipating a return to a more balanced market soon.  The inventory also rose for the second month in a row, giving buyers more choices of homes.

 The current absorption rate jumped to 8.2 months from 8.1 months in January. The second month in a row of a buyer’s market for Palm City residential real estate.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For January 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 443 active listings (Increased by 12 homes from December)

  158 Residential sales are pending and awaiting close or lender approval. (Increased by 43 homes from last month)

55 Homes Sold in December (Down by 21 homes from December)

The Palm City FL 34990 residential real estate started the year with a decline in closed sales but also an impressive increase in pending sales which should indicate some good activity for the immediate future. A nice little increase in inventory is also a good sign.

 The current absorption rate jumped to 8.1 months from 5.7 months in December. Back into a buyers market after a month in the sellers market in December.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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