Stuart FL 34994 Condo Market Report July 2018

Stuart FL 34994 Condo Market Report July 2018 

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

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

There are currently 84 active condo listings (Up by 1 condos from June).

Stuart FL 34994 Condo Market Report July 2018

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

Stuart FL 34994 Condo Market Report July 2018

16 Condos Sold in July (Decreased by 9 condos from June).

Stuart FL 34994 Condo Market Report July 2018

The Stuart FL 34994 Condo market weakened slightly from last month but still is an active market.  Close sales were down but we have a good supply of pending sales.

The absorption rate for July rose to 5.3 months compared to last month’s 3.3.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area but drifting towards a balanced one.  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 77 active listings, 41 pending sales, and 30 closed sales.  Better pending activity this year while closed sales were cosiderably less than last year.

Stuart FL 34994 Condo Market Report July 2018

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Stuart FL 34994 Condo Market Report July 2018 

 

Stuart Florida 34994 Residential Market Report July 2018

Stuart Florida 34994 Residential Market Report July 2018

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

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

There are currently 71 active listings (Up by 2 homes from June)

Stuart Florida 34994 Residential Market Report June 2018

30 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from last month).

Stuart Florida 34994 Residential Market Report June 2018

21 Homes Sold in May (Increased by 4 homes from June)

Stuart Florida 34994 Residential Market Report June 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show very strong activity in single family real estate sales.

The one-month absorption rate for the 34994 zip code for July dipped to 3.4 months from 4.1 months for June.  Remaining in 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 have an advantage.

The July 2017 numbers were 79 Active Listings, 25 pending sales, and 12 closed sales.  Better all around activity this year with less inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report June 2018

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Stuart Florida 34994 Residential Real Estate Market Report July 2018

Stuart FL 34994 Condo Market Report June 2018

Stuart FL 34994 Condo Market Report June 2018 

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

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

There are currently 83 active condo listings (Up by 2 condos from May).

Stuart FL 34994 Condo Market Report June 2018

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

Stuart FL 34994 Condo Market Report June 2018

25 Condos Sold in May (Decreased by 9 condos from May).

Stuart FL 34994 Condo Market Report June 2018

The Stuart FL 34994 Condo market continues to show very strong activity.  Not quite as strong as last month, but still a ver active seller’s market.  We could use a greater inventory of condos for sale.

The absorption rate for May rose to 3.3 months compared to last month’s 2.4.  Remaining in a strong seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’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 June the numbers were 90 active listings, 39 pending sales, and 21closed sales.  The activity for this condo segment of the Stuart market remains more active when compared to last June.

Stuart FL 34994 Condo Market Report June 2018

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Stuart FL 34994 Condo Market Report June 2018 

 

Stuart Florida 34994 Residential Market Report June 2018

Stuart Florida 34994 Residential Market Report June 2018

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

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

There are currently 69 active listings (Up by 2 homes from May)

Stuart Florida 34994 Residential Market Report June 2018

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

Stuart Florida 34994 Residential Market Report June 2018

17 Homes Sold in May (Decreased by 6 homes from May)

Stuart Florida 34994 Residential Market Report June 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased a little for June but remains very active.

The one-month absorption rate for the 34994 zip code for May rose to 4.1 months from 2.9 months for May.  Remaining in 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 have an advantage.

The June 2017 numbers were 72 Active Listings, 34 pending sales, and 13 closed sales.  Better sales activity this year with less inventory of available homes for sale.  Though, the pending sales numbers were better last year.

Stuart Florida 34994 Residential Market Report June 2018

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Stuart, FL Real Estate

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Stuart Florida 34994 Residential Real Estate Market Report June 2018

Stuart FL 34994 Condo Market Report May 2018

Stuart FL 34994 Condo Market Report May 2018 

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

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

There are currently 81 active condo listings (Down by 16 condos from April).

Stuart FL 34994 Condo Market Report May 2018

68 Condo sales are pending and awaiting close or lender approval. (Decreased by 7 condos from last month) 

Stuart FL 34994 Condo Market Report May 2018

34 Condos Sold in April (Increased by 6 condos from April).

Stuart FL 34994 Condo Market Report May 2018

The Stuart FL 34994 Condo market is now into historic low inventory levels which I have not seen before.  Yet the volume of both pending and closed sales rose for May.  This activity may not be sustainable if the inventory continues to drop.

The absorption rate for April dropped to 2.4 months compared to last month’s 3.5.  Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’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 May the numbers were 85 active listings, 41 pending sales, and 18 closed sales.  Much better volume of closed and pending sales for this year when compared to last..

Stuart FL 34994 Condo Market Report May 2018

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Stuart FL 34994 Condo Market Report May 2018