Stuart FL 34994 Condo Market Report October 2019

Stuart FL 34994 Condo Market Report October 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2019

For October 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 101 active condo listings (Down by 2 condos from September).

Stuart FL 34994 Condo Market Report October 2019

36 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

Stuart FL 34994 Condo Market Report October 2019

26 Condos Sold in September (Up by 7 condos from September).

Stuart FL 34994 Condo Market Report October 2019

The Stuart FL 34994 Condo market showed a nice increase in sales for October with little change in inventory as well as pending sales.

The absorption rate for October rose to 3.9 months compared to last month’s 5.4 months.  Remaining in a seller’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 nor sellers have an advantage in the real estate market.

Last October the numbers were 85 active listings, 45 pending sales, and 14 closed sales. We showed better-closed sales this year as opposed to lat year while pending sales were less.  The inventory of available condos for sale is also greater.

Stuart FL 34994 Condo Market Report October 2019

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Stuart FL 34994 Condo Market Report October 2019 

 

Stuart Florida 34994 Residential Market Report October 2019

Stuart Florida 34994 Residential Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2019

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

There are currently 75 active listings (Down by 15 homes from September)

Stuart Florida 34994 Residential Market Report October 2019

37 Residential sales are pending and awaiting close or lender approval (Increased by 8 homes from last month).

Stuart Florida 34994 Residential Market Report October 2019

16 Homes Sold in October (Increased by 4 homes from September)

Stuart Florida 34994 Residential Market Report October 2019

The residential real estate market for the 34994 ZIP code area of Stuart, Florida showed strong results for October with both pending and closed sales increasing.

The one-month absorption rate for the 34994 zip code for October plunged to 4.7 months from 7.7 months for September.  Back, once again, into a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer has an advantage.

The October 2018 numbers were 85 Active Listings, 18 pending sales, and 15 closed sales.  Considerably better activity this year.  Especially when factoring in the lower inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report October 2019

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Stuart Florida 34994 Residential Real Estate Market Report October 2019

Stuart FL 34994 Condo Market Report September 2019

Stuart FL 34994 Condo Market Report September 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2019

For September 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (Up by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2019

35 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

Stuart FL 34994 Condo Market Report September 2019

19 Condos Sold in August (Down by 5 condos from August).

Stuart FL 34994 Condo Market Report September 2019

The Stuart FL 34994 Condo market showed a decrease in sales for September whithlittle change in inventory as well as pending sales.

The absorption rate for September rose to 5.4 months compared to last month’s 4.2 months.  Remaining in a seller’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 nor sellers have an advantage in the real estate market.

Last September the numbers were 76 active listings, 47 pending sales, and 20 closed sales. There’s a considerably greater inventory of available condos for sale this year when compared to last year.  This makes this year’s activity weaker than last year.

Stuart FL 34994 Condo Market Report September 2019

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Stuart FL 34994 Condo Market Report September 2019 

 

Stuart Florida 34994 Residential Market Report September 2019

Stuart Florida 34994 Residential Market Report September 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2019

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

There are currently 92 active listings (Up by 5 homes from August)

Stuart Florida 34994 Residential Market Report September 2019

29 Residential sales are pending and awaiting close or lender approval (Decreased by 9 homes from last month).

Stuart Florida 34994 Residential Market Report September 2019

12 Homes Sold in September (Increased by 8 homes from August)

Stuart Florida 34994 Residential Market Report September 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded from a pretty weak August with much better activity for September.

The one-month absorption rate for the 34994 zip code for September plunged to 7.7 months from 21.8 months for August.  Moving towards a more balanced market for the 34994 zip code area of Stuart, FL.  I anticipate that this is just a temporary one-month situation.   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2018 numbers were 72 Active Listings, 16 pending sales, and 17 closed sales.  There was less inventory of available homes for sale last year.  Yet, closed sales were greater.  This year, our pending sales look stronger which should result in greater closed sales in the coming months.

Stuart Florida 34994 Residential Market Report September 2019

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Stuart Florida 34994 Residential Real Estate Market Report September 2019

Stuart FL 34994 Condo Market Report August 2019

Stuart FL 34994 Condo Market Report August 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2019

For August 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 101 active condo listings (Up by 2 condos from July).

Stuart FL 34994 Condo Market Report August 2019

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

Stuart FL 34994 Condo Market Report August 2019

24 Condos Sold in July (Up by 9 condos from July).

Stuart FL 34994 Condo Market Report August 2019

The Stuart FL 34994 Condo market had a nice jump in closed sales this month.  Inventory, as well as pending sales, showed little change from July.  The hurricane, towards the end of the month, seems to have had little effect on this segment of the Stuart condo market.

The absorption rate for August dropped to 4.2 months compared to last month’s 6.6 months.  Back into a seller’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 nor sellers have an advantage in the real estate market.

Last August the numbers were 77 active listings, 60 pending sales, and 16 closed sales. Better closed sales volume this year on a greater inventory of available condos for sale.  Pending sales were much better last year.

Stuart FL 34994 Condo Market Report August 2019

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Stuart FL 34994 Condo Market Report August 2019 

 

Stuart Florida 34994 Residential Market Report August 2019

Stuart Florida 34994 Residential Market Report August 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2019

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

There are currently 87 active listings (Down by 2 homes from July)

Stuart Florida 34994 Residential Market Report August 2019

38 Residential sales are pending and awaiting close or lender approval (Increased by 21 homes from last month).

Stuart Florida 34994 Residential Market Report August 2019

4 Homes Sold in August (Decreased by 12 homes from July)

Stuart Florida 34994 Residential Market Report August 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a pretty dramatic drop in closed sales for the month while also having a large increase in pending sales.  This is most likely a result of a number of delayed closings due to the hurricane.

The one-month absorption rate for the 34994 zip code for August jumped to 21.8 months from 5.6 months for July.  Transitioning into an extreme buyer’s market for the 34994 zip code area of Stuart, FL.  I anticipate that this is just a temporary one-month situation.   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2018 numbers were 71 Active Listings, 28 pending sales, and 15 closed sales.  We have a larger inventory of available homes for sale in this segment of the market.  pending sales are considerably stronger this year while closed sales were weaker.

Stuart Florida 34994 Residential Market Report August 2019

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Stuart Florida 34994 Residential Real Estate Market Report August 2019

Stuart FL 34994 Condo Market Report July 2019

Stuart FL 34994 Condo Market Report July 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2019

For July 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 99 active condo listings (Down by 15 condos from June).

Stuart FL 34994 Condo Market Report July 2019

36 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

Stuart FL 34994 Condo Market Report July 2019

15 Condos Sold in June (Unchanged from June).

Stuart FL 34994 Condo Market Report July 2019

The Stuart FL 34994 Condo market changed very little from last month.

The absorption rate for July dropped to 6.6 months compared to last month’s 7.6 months.  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 July the numbers were 84 active listings, 57 pending sales, and 16 closed sales. Much better pending sales numbers last year and just slightly better closed sales.  Inventory is higher for 2019.

Stuart FL 34994 Condo Market Report July 2019

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Stuart FL 34994 Condo Market Report July 2019 

 

Stuart Florida 34994 Residential Market Report July 2019

Stuart Florida 34994 Residential Market Report July 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2019

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

There are currently 89 active listings (Up by 3 homes from June)

Stuart Florida 34994 Residential Market Report July 2019

17 Residential sales are pending and awaiting close or lender approval (Decreased by 12 homes from last month).

Stuart Florida 34994 Residential Market Report July 2019

16 Homes Sold in July (Decreased by 11 homes from June)

Stuart Florida 34994 Residential Market Report July 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed much weaker activity for July as compared to the last few months.  Both pending and closed sales were down by considerable numbers.

The one-month absorption rate for the 34994 zip code for July jumped to 5.6 months from 3.2 months for June.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL, but approaching a balanced one.   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2018 numbers were 71 Active Listings, 30 pending sales, and 21 closed sales.  Much better activity last year than for July 2019.

Stuart Florida 34994 Residential Market Report July 2019

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Stuart Florida 34994 Residential Real Estate Market Report July 2019

Stuart FL 34994 Condo Market Report June 2019

Stuart FL 34994 Condo Market Report June 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2019

For June 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Down by 8 condos from May).

Stuart FL 34994 Condo Market Report June 2019

35 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report June 2019

15 Condos Sold in May (Down by 3 condos from May).

Stuart FL 34994 Condo Market Report June 2019

The Stuart FL 34994 Condo market showed mostly weaker activity when compared to last month which is not all that unexpected as condo sales tend to slow down during the summer months in our area.  Pending sales, though, remain strong.

The absorption rate for June rose to 7.6 months compared to last month’s 6.8 months.  Transitioning into 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 June the numbers were 83 active listings, 55 pending sales, and 25 closed sales.  Considerably greater inventory of condos available for sale this year but a weaker number of closed sales.  Pending sales are higher this year which could mean some better sales activity coming in the next couple of months.

Stuart FL 34994 Condo Market Report June 2019

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Stuart FL 34994 Condo Market Report June 2019 

 

Stuart Florida 34994 Residential Market Report June 2019

Stuart Florida 34994 Residential Market Report June 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2019

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

There are currently 86 active listings (Up by 9 homes from May)

Stuart Florida 34994 Residential Market Report June 2019

29 Residential sales are pending and awaiting close or lender approval (Decreased by 15 homes from last month).

Stuart Florida 34994 Residential Market Report June 2019

27 Homes Sold in June (Increased by 7 homes from May)

Stuart Florida 34994 Residential Market Report June 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show strong activity for June.  The drop in pending sales this month indicates that we may see a little softening for the closed sales numbers in the coming months.

The one-month absorption rate for the 34994 zip code for May dropped to 3.2 months from 3.9 months for May.  Remaining in a very strong seller’s market t for the 34994 zip code area of Stuart, FL   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2018 numbers were 69 Active Listings, 28 pending sales, and 17 closed sales.  Better closed sales activity and slightly better pending activity with a greater inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report June 2019

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Stuart Florida 34994 Residential Real Estate Market Report June 2019

Stuart FL 34994 Condo Market Report May 2019

Stuart FL 34994 Condo Market Report May 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2019

For May 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Up by 7 condos from April).

Stuart FL 34994 Condo Market Report May 2019

35 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

Stuart FL 34994 Condo Market Report May 2019

18 Condos Sold in April (Down by 7 condo from April).

Stuart FL 34994 Condo Market Report May 2019

The Stuart FL 34994 Condo market had an unexpected weakening and has entered into a balanced market that favors neither the buyer nor the seller.

The absorption rate for May rose to 6.8 months compared to last month’s 4.6 months.  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 May the numbers were 81 active listings, 68 pending sales, and 34 closed sales.  Much weaker sales activity this year across the board for this condo segment of Stuart FL.

Stuart FL 34994 Condo Market Report May 2019

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Stuart FL 34994 Condo Market Report May 2019 

 

Stuart Florida 34994 Residential Market Report May 2019

Stuart Florida 34994 Residential Market Report May 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2019

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

There are currently 77 active listings (Down by 14 home from April)

Stuart Florida 34994 Residential Market Report May 2019

46 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from last month).

Stuart Florida 34994 Residential Market Report May 2019

20 Homes Sold in May (Increased by 3 homes from April)

Stuart Florida 34994 Residential Market Report May 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed exceptionally strong activity for May and this area of Stuart could benefit from an increased number of homes available for sale.

The one-month absorption rate for the 34994 zip code for April plunged to 3.9 months from 5.4 months for April.  Dropping down into a pretty extreme seller’s market t for the 34994 zip code area of Stuart, FL   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2018 numbers were 67 Active Listings, 35 pending sales, and 23 closed sales.  Slightly lower closed sales volume this year but a much greater number of pending sales (on higher inventory).  This is a good sign for the near future.

Stuart Florida 34994 Residential Market Report May 2019

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Stuart Florida 34994 Residential Real Estate Market Report May 2019

Stuart FL 34994 Condo Market Report April 2019

Stuart FL 34994 Condo Market Report April 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2019

For April 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 115 active condo listings (Up by 10 condos from March).

Stuart FL 34994 Condo Market Report April 2019 

34 Condo sales are pending and awaiting close or lender approval. (Down by 13 condos from last month) 

Stuart FL 34994 Condo Market Report April 2019 

25 Condos Sold in March (Down by 1 condo from March).

Stuart FL 34994 Condo Market Report April 2019 

The Stuart FL 34994 Condo market continues to show very strong activity for the early Spring market.  There are no signs of a slowdown for this segment.

The absorption rate for April rose to 4.6 months compared to last month’s 4.0 months.  Still a seller’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 April the numbers were 97 active listings, 75 pending sales, and 28 closed sales.  Considerably better activity last year when there was also fewer available Stuart condos for sale (inventory).

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Stuart FL 34994 Condo Market Report April 2019 

 

Stuart Florida 34994 Residential Market Report April 2019

Stuart Florida 34994 Residential Market Report April 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2019

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

There are currently 91 active listings (Up by 1 home from March)

Stuart Florida 34994 Residential Market Report April 2019

35 Residential sales are pending and awaiting close or lender approval (Decreased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report April 2019

17 Homes Sold in May (Decreased by 2 homes from March)

Stuart Florida 34994 Residential Market Report April 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed slightly weaker activity than last month but remains quite active..

The one-month absorption rate for the 34994 zip code for March rose to 5.4 months from 4.7 months for March.  Remaining in a seller’s market t for the 34994 zip code area of Stuart, FL   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2018 numbers were 74 Active Listings, 35 pending sales, and 13 closed sales.  Better sales activity this year.  Pending sales are the same as last year.  All with a higher inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report April 2019

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Stuart Florida 34994 Residential Real Estate Market Report April 2019

Stuart FL 34994 Condo Market Report March 2019

Stuart FL 34994 Condo Market Report March 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2019

For March 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 105 active condo listings (Down by 8 condo from February).

Stuart FL 34994 Condo Market Report March 2019 

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

Stuart FL 34994 Condo Market Report March 2019

26 Condos Sold in February (Up by 6 condos from February).

Stuart FL 34994 Condo Market Report March 2019

The Stuart FL 34994 Condo market continues to show very strong activity for the early Spring market.  There are no signs of a slowdown for this segment.

The absorption rate for March dropped to 4.0 months compared to last month’s 5.7 months.  Now a more extreme seller’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 March the numbers were 127 active listings, 67 pending sales, and 26 closed sales.  Sales volume is the same as last year with reduced inventory.  There was better-pending activity last year.

Stuart FL 34994 Condo Market Report March 2019

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Stuart FL 34994 Condo Market Report March 2019 

 

Stuart Florida 34994 Residential Market Report March 2019

Stuart Florida 34994 Residential Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2019

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

There are currently 90 active listings (Down by 3 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

38 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report March 2019

19 Homes Sold in May (Increased by 5 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed stronger activity when compared to last month along with a small drop in inventory.

The one-month absorption rate for the 34994 zip code for February dropped to 4.7 months from 6.6 months for February.  Transitioning back into a seller’s market t for the 34994 zip code area of Stuart, FL after one month as a balanced market and another 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 March 2018 numbers were 75 Active Listings, 34 pending sales, and 27 closed sales.  Stronger sales activity last year on less inventory.

Stuart Florida 34994 Residential Market Report March 2019

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Stuart Florida 34994 Residential Real Estate Market Report March 2019

Stuart FL 34994 Condo Market Report February 2019

Stuart FL 34994 Condo Market Report February 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2019

For February 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 113 active condo listings (Down by 1 condo from January).

Stuart FL 34994 Condo Market Report February 2019

50 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report February 2019

20 Condos Sold in January (Up by 3 condos from January).

Stuart FL 34994 Condo Market Report February 2019

The Stuart FL 34994 Condo market had a small increase in sales while little or no other significant changes. One of the few segments where inventory is below last year’s numbers.

The absorption rate for February dropped to 5.7 months compared to last month’s 6.7 months.  Back into a seller’s market after one month of 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 February the numbers were 125 active listings, 55 pending sales, and 28 closed sales.  There was better sales activity last year on a greater inventory of homes for sale.

Stuart FL 34994 Condo Market Report February 2019

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Stuart FL 34994 Condo Market Report February 2019 

 

Stuart Florida 34994 Residential Market Report February 2019

Stuart Florida 34994 Residential Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2019

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

There are currently 93 active listings (Up by 2 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

35 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

Stuart Florida 34994 Residential Market Report February 2019

14 Homes Sold in May (Increased by 6 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had increases in sales and pending sales as well as the number of homes available to purchase.

The one-month absorption rate for the 34994 zip code for January jumped up to 6.6 months from 11.8 months for January.  Transitioning into a balanced market t for the 34994 zip code area of Stuart, FL after one month as 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 February 2018 numbers were 81 Active Listings, 41 pending sales, and 13 closed sales.  Very similar activity when compared to last year but with a larger inventory of homes for sale this year.

Stuart Florida 34994 Residential Market Report February 2019

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Stuart Florida 34994 Residential Real Estate Market Report February 2019

Stuart FL 34994 Condo Market Report January 2019

Stuart FL 34994 Condo Market Report January 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2019

For January 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Up by 14 condos from December).

Stuart FL 34994 Condo Market Report January 2019  

50 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

Stuart FL 34994 Condo Market Report January 2019

17 Condos Sold in December (Unchanged from December).

Stuart FL 34994 Condo Market Report January 2019

The Stuart FL 34994 Condo market had an small increase in inventory and pending sales while sales remained unchanged.

The absorption rate for December dropped to 6.7 months compared to last month’s 5.9 months.  Back into a balanced market after one month of a seller’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 January the numbers were 113 active listings, 51 pending sales, and 19 closed sales.  Very similar activity when compared to last January.

Stuart FL 34994 Condo Market Report January 2019

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Stuart, FL Real Estate

Business Opportunity Properties

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Stuart Florida Real Estate presented by:
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Stuart FL 34994 Condo Market Report January 2019 

 

Stuart Florida 34994 Residential Market Report January 2019

Stuart Florida 34994 Residential Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2019

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

There are currently 91 active listings (Up by 15 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

26 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

Stuart Florida 34994 Residential Market Report January 2019

8 Homes Sold in May (Decreased by 5 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had an increase in both inventory and pending sales.  Unfortunately, closed sales were off for the month.

The one-month absorption rate for the 34994 zip code for December jumped up to 11.8 months from 5.8 months for December.  Returning to a buyer’s market for the 34994 zip code area of Stuart, FL after one month in a seller’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2018 numbers were 86 Active Listings, 38 pending sales, and 11 closed sales.  Better activity last year.

Stuart Florida 34994 Residential Market Report January 2019

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for Stuart Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart, FL Real Estate

Business Opportunity Properties

Commercial Properties

Land Properties

Rental Properties

Residential Properties

Residential Income Properties

Stuart Florida 34994 Residential Real Estate Market Report January 2019