Stuart FL 34994 Condo Market Report December 2018

Stuart FL 34994 Condo Market Report December 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2018

For December 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 100 active condo listings (Up by 4 condos from November).

Stuart FL 34994 Condo Market Report December 2018

44 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condos from last month) 

Stuart FL 34994 Condo Market Report December 2018

17 Condos Sold in December (Up by 8 condos from November).

Stuart FL 34994 Condo Market Report December 2018

The Stuart FL 34994 Condo market rebounded with an increase in closed sales while a slight decrease in pending sales, but remaining as a very active market.

The absorption rate for December dropped to 5.9 months compared to last month’s 10.7.  Back into a seller’s market after one month of a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last December the numbers were 91 active listings, 35 pending sales, and 15 closed sales.  A better volume of sales and pending sales this year with only a slightly higher inventory.

Stuart FL 34994 Condo Market Report December 2018

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Stuart FL 34994 Condo Market Report December 2018 

 

Stuart Florida 34994 Residential Market Report December 2018

Stuart Florida 34994 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2018

For November 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Unchanged from November)

Stuart Florida 34994 Residential Market Report December 2018

17 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

Stuart Florida 34994 Residential Market Report December 2018

13 Homes Sold in May (Increased by 8 homes from November)

Stuart Florida 34994 Residential Market Report December 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded with a good number of closed sales even if the pending sales are off a little.  The inventory remains unchanged.

The one-month absorption rate for the 34994 zip code for December dropped down to 5.8 months from 15.2 months for November.  Returning to a seller’s market for the 34994 zip code area of Stuart, FL after one month in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The December 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales.  Better sales numbers while fewer pending sales on similar inventory numbers when comparing year to year activity.

Stuart Florida 34994 Residential Market Report December 2018

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Stuart Florida 34994 Residential Real Estate Market Report December 2018

Stuart FL 34994 Condo Market Report November 2018

Stuart FL 34994 Condo Market Report November 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2018

For November 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 96 active condo listings (Up by 11 condos from October).

Stuart FL 34994 Condo Market Report November 2018

48 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month) 

Stuart FL 34994 Condo Market Report November 2018

9 Condos Sold in November (Down by 5 condos from October).

Stuart FL 34994 Condo Market Report November 2018

The Stuart FL 34994 Condo market showed slightly weaker closed activity from last month along with an increase in inventory of available condos for sale.

The absorption rate for November dropped to 10.7 months compared to last month’s 6.1.  Now a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  This is a large change and it’s been quite some time that this was a buyer’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last November the numbers were 100 active listings, 31 pending sales, and 21 closed sales.  Much better sales activity last year, but stronger pending activity for this year.

Stuart FL 34994 Condo Market Report November 2018

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report November 2018 

 

Stuart Florida 34994 Residential Market Report November 2018

Stuart Florida 34994 Residential Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2018

For October 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Down by 9 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

Stuart Florida 34994 Residential Market Report November 2018

5 Homes Sold in May (Decreased by 10 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a dip in inventory and a large drop in sales.  Pending sales rose, just slightly.

The one-month absorption rate for the 34994 zip code for November jumped up to 15.2 months from 5.7 months for October.  Transitioning into a buyer’s market for the 34994 zip code area of Stuart, FL.  First time in quite a while for this area to be in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2017 numbers were 81 Active Listings, 28 pending sales, and 13 closed sales.  There was better all-around activity last year.

Stuart Florida 34994 Residential Market Report November 2018

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Stuart Florida 34994 Residential Real Estate Market Report November 2018

Stuart FL 34994 Condo Market Report October 2018

Stuart FL 34994 Condo Market Report October 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2018

For October 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 85 active condo listings (Up by 9 condos from September).

Stuart FL 34994 Condo Market Report October 2018

45 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month) 

Stuart FL 34994 Condo Market Report October 2018

14 Condos Sold in October (Down by 6 condos from September).

Stuart FL 34994 Condo Market Report October 2018

The Stuart FL 34994 Condo market showed slightly weaker closed activity from last month along with an increase in inventory of available condos for sale.

The absorption rate for October dropped to 6.1 months compared to last month’s 3.8.  Transitioning back into a balanced market for this condo segment of Stuart’s 34994 zip code area..  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last October the numbers were 92 active listings, 28 pending sales, and 14 closed sales.  Identical closed volume when compared to last year, but much better pending activity.

Stuart FL 34994 Condo Market Report October 2018

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report October 2018