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 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

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Stuart Florida 34994 Residential Real Estate Market Report January 2019

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