Stuart FL 34994 Condo Market Report February 2018

Stuart FL 34994 Condo Market Report February 2018 

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

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

There are currently 125 active condo listings (Up by 12 condos from January).

Stuart FL 34994 Condo Market Report February 2018

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

Stuart FL 34994 Condo Market Report February 2018

28 Condos Sold in January (Increased by 9 condos from January).

Stuart FL 34994 Condo Market Report February 2018

The Stuart FL 34994 Condo market continues to show positive resilts. Sales and pending sales both increased as well as the inventory of available condos for sale.

The absorption rate for January dropped to 4.5 months compared to last month’s 5.9.  Firmly back into a 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 February the numbers were 101 active listings, 28 pending sales, and 23 closed sales.  Stronger activity this year along with an increased inventory of condos available to purchase.

Stuart FL 34994 Condo Market Report February 2018

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Stuart FL 34994 Condo Market Report February 2018 

 

Stuart Florida 34994 Residential Market Report February 2018

Stuart Florida 34994 Residential Market Report February 2018

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

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

There are currently 81 active listings (Down by 5 homes from January)

Stuart Florida 34994 Residential Market Report February 2018

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

Stuart Florida 34994 Residential Market Report February 2018

13 Homes Sold in January (Increased by 2 homes from January)

Stuart Florida 34994 Residential Market Report February 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida has gained inventory for two months in arow unlike most areas in Martin County.  Both sales and pending sales also increased.

The one-month absorption rate for the 34994 zip code for January dipped to 6.2 months from 7.8 months for January.  Returning to a balanced 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 February 2017 numbers were 68 Active Listings, 25 pending sales, and 10 closed sales.  One of the few areas of Martin County with increased inventory from last year along with better sales volume.

Stuart Florida 34994 Residential Market Report February 2018

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Stuart Florida 34994 Residential Real Estate Market Report February 2018

Stuart FL 34994 Condo Market Report January 2018

Stuart FL 34994 Condo Market Report January 2018 

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

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

There are currently 113 active condo listings (Up by 22 condos from December).

Stuart FL 34994 Condo Market Report January 2018

51 Condo sales are pending and awaiting close or lender approval. (Increased by 16 condos from last month) 

Stuart FL 34994 Condo Market Report January 2018

19 Condos Sold in December (Increased by 4 condos from December).

Stuart FL 34994 Condo Market Report January 2018

The Stuart FL 34994 Condo market had a very strong opening for the year with all activity increasing.

The absorption rate for December decreased to 5.9 months compared to last month’s 6.1.  Inching back into a 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 January the numbers were 91 active listings, 40 pending sales, and 18 closed sales.  Very similar activity compared to last year but with a slightly higher inventory of available condos for sale.

Stuart FL 34994 Condo Market Report January 2018

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Stuart FL 34994 Condo Market Report January 2018 

 

Stuart Florida 34994 Residential Market Report January 2018

Stuart Florida 34994 Residential Market Report January 2018

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

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

There are currently 86 active listings (Down by 3 homes from December)

Stuart Florida 34994 Residential Market Report January 2018

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

Stuart Florida 34994 Residential Market Report January 2018

11 Homes Sold in December (Decreased by 3 homes from December)

Stuart Florida 34994 Residential Market Report January 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to gain inventory while sales are not keeping up with this increased volume of available homes for sale.  I expect this to abate as we have a strong volume of pending sales.

The one-month absorption rate for the 34994 zip code for December rose to 7.8 months from 6.4 months for December.  Entering into a buyer’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 January 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales.  Considerably stronger activity this January with a greater inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report January 2018

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Stuart Florida 34994 Residential Real Estate Market Report January 2018

Stuart FL 34994 Condo Market Report December 2017

Stuart FL 34994 Condo Market Report December 2017 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2017

For December 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Down by 9 condos from November).

Stuart FL 34994 Condo Market Report December 2017

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

Stuart FL 34994 Condo Market Report December 2017

15 Condos Sold in December (Decreased by 6 condos from November).

Stuart FL 34994 Condo Market Report December 2017

The Stuart FL 34994 Condo market showed slow but continued improvement from last month. Both pending and closed sales were up and a small rise in inventory.

The absorption rate for December decreased to 6.1 months compared to last month’s 4.8.  Back into a balanced 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 December the numbers were 86 active listings, 36 pending sales, and 13 closed sales.  Very similar activity compared to last year but with a slightly higher inventory of available condos for sale.

Stuart FL 34994 Condo Market Report December 2017

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Stuart FL 34994 Condo Market Report December 2017 

 

Stuart FL 34994 Condo Market Report November 2017

Stuart FL 34994 Condo Market Report November 2017 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2017

For November 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 100 active condo listings (Up by 8 condos from October).

Stuart FL 34994 Condo Market Report November 2017

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

Stuart FL 34994 Condo Market Report November 2017

21 Condos Sold in November (Increased by 7 condos from October).

Stuart FL 34994 Condo Market Report November 2017

The Stuart FL 34994 Condo market showed slow but continued improvement from last month. Both pending and closed sales were up and a small rise in inventory.

The absorption rate for November decreased to 4.8 months compared to last month’s 6.6.  Back into a seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a balanced 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 98 active listings, 30 pending sales, and 20 closed sales.  A little bit better activity this year as compared to last year, but very similar.

Stuart FL 34994 Condo Market Report November 2017

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Stuart FL 34994 Condo Market Report November 2017 

 

Stuart Florida 34994 Residential Market Report November 2017

Stuart Florida 34994 Residential Market Report November 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2017

For November 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 81 active listings (Up by 4 homes from October)

Stuart Florida 34994 Residential Market Report November 2017

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

Stuart Florida 34994 Residential Market Report November 2017

13 Homes Sold in October (Increased by 1 homes from October)

Stuart Florida 34994 Residential Market Report November 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed continued positive sales and pending numbers along with an unusual rise in inventory.

The one-month absorption rate for the 34994 zip code for November decreased to 6.2 months from 6.3 months for October.  Remaining in a balanced 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 November 2016 numbers were 45 Active Listings, 31 pending sales, and 14 closed sales.  Similar pending and sales numbers this year but this is with almost double the inventory, making for a much poorer ratio as compared to last year.

Stuart Florida 34994 Residential Market Report November 2017

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Stuart Florida 34994 Residential Real Estate Market Report November 2017

Stuart FL 34994 Condo Market Report October 2017

Stuart FL 34994 Condo Market Report October 2017 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2017

For October 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 92 active condo listings (Up by 19 condos from September).

Stuart FL 34994 Condo Market Report October 2017

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

Stuart FL 34994 Condo Market Report October 2017

14 Condos Sold in October (Unchanged from September).

Stuart FL 34994 Condo Market Report October 2017

The Stuart FL 34994 Condo market showed an unexpected jump in inventory for October.  Sales remained low with an icrease in pending sales.  Some of October’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that have continued.

The absorption rate for October increased to 6.6 months compared to last month’s 5.2.  Now 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 93 active listings, 30 pending sales, and 14 closed sales.  Very similar activity to last October.

Stuart FL 34994 Condo Market Report October 2017

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Stuart FL 34994 Condo Market Report October 2017 

 

Stuart Florida 34994 Residential Market Report October 2017

Stuart Florida 34994 Residential Market Report October 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2017

For October 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Unchanged from September)

Stuart Florida 34994 Residential Market Report October 2017

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

Stuart Florida 34994 Residential Market Report October 2017

12 Homes Sold in September (Increased by 4 homes from September)

Stuart Florida 34994 Residential Market Report October 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded some from the previous month’s slower hurricane impacted activity.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from 9.5 months for September.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2016 numbers were 56 Active Listings, 32 pending sales, and 16 closed sales.  Better sales and pending activity last year even though the inventory was smaller.  Some of this year’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that continued longer.

Stuart Florida 34994 Residential Market Report October 2017

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Stuart Florida 34994 Residential Real Estate Market Report October 2017

Stuart FL 34994 Condo Market Report September 2017

Stuart FL 34994 Condo Market Report September 2017 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2017

For September 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 73 active condo listings (Up by 3 condos from August).

Stuart FL 34994 Condo Market Report September 2017

22 Condo sales are pending and awaiting close or lender approval. (Decreased by 8 condos from last month) 

Stuart FL 34994 Condo Market Report September 2017

14 Condos Sold in September (Down by 7 condos from August).

Stuart FL 34994 Condo Market Report September 2017

The Stuart FL 34994 Condo market remains strong, though it showed weaker activity this September.  Some of this reduced activity may have been a result of Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate for September increased to 5.2 months compared to last month’s 3.3.  Still 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 or sellers have an advantage in the real estate market.

Last September the numbers were 92 active listings, 28 pending sales, and 11 closed sales.  Better activity last year.

Stuart FL 34994 Condo Market Report September 2017

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2017

Stuart Florida 34994 Residential Market Report September 2017

Stuart Florida 34994 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2017

For September 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Decreased by 1 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

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

Stuart Florida 34994 Residential Market Report September 2017

8 Homes Sold in August (Decreased by 8 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September.  Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August.  Bringing the 34994 zip code area of Stuart, FL back into 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 September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales.  Better sales and pending activity last year with a little larger inventory.  Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

Stuart Florida 34994 Residential Market Report September 2017

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Stuart Florida 34994 Residential Real Estate Market Report September 2017

Stuart FL 34994 Condo Market Report August 2017

Stuart FL 34994 Condo Market Report August 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for August 2017

For August 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 70 active condo listings (Down by 7 condos from July).

Stuart FL 34994 Condo Market Report August 2017

30 Condo sales are pending and awaiting close or lender approval. (Decreased by 11 condos from last month) 

Stuart FL 34994 Condo Market Report August 2017

21 Condos Sold in August (Down by 9 condos from July).

Stuart FL 34994 Condo Market Report August 2017

The Stuart FL 34994 Condo market continues with strong activity throughout the summer months.

The absorption rate for August edged up to 3.3 months compared to last month’s 2.6.  Still in a strong sellers’ 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 August the numbers were 89 active listings, 32 pending sales, and 16 closed sales.  Much better activity for this year when compared to August of 2016.

Stuart FL 34994 Condo Market Report August 2017

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Stuart Florida Market Report ZIP Code 34994 – Condo, August 2017

Stuart Florida 34994 Residential Real Estate Market Report August 2017

Stuart Florida 34994 Residential Real Estate Market Report August 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2017

For August 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 77 active listings (Increased by 2 homes from July)

Stuart Florida 34994 Residential Real Estate Market Report August 2017

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

 Stuart Florida 34994 Residential Real Estate Market Report August 2017

16 Homes Sold in July (Increased by 4 homes from July)

Stuart Florida 34994 Residential Real Estate Market Report August 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had strong activity for August with strong sales activity.

The one month absorption rate for the 34994 zip code for August dropped to 4.8 months from 6.25 months for July.  Bringing the 34994 zip code area of Stuart, FL back into a sellers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2016 numbers were 64 Active Listings, 25 pending sales, and 13 closed sales.  Better sales and pending activity this year with a little larger inventory.

Stuart Florida 34994 Residential Real Estate Market Report August 2017

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Stuart Florida 34994 Residential Real Estate Market Report August 2017

Stuart FL 34994 Condo Market Report July 2017

Stuart FL 34994 Condo Market Report July 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for July 2017

For July 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 77 active condo listings (Down by 13 condos from June).

Stuart FL 34994 Condo Market Report July 2017

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

Stuart FL 34994 Condo Market Report July 2017

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

Stuart FL 34994 Condo Market Report July 2017

The Stuart FL 34994 Condo market showed surprisingly strong activity for a typically slowe summer season.  A very hot market (pun intended).

The absorption rate for July dropped to 2.6 months compared to last month’s 4.3.  An even stronger sellers’ 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 74 active listings, 29 pending sales, and 10 closed sales.  Much better activity for this year when compared to July of 2016.

Stuart FL 34994 Condo Market Report July 2017

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Stuart Florida Market Report ZIP Code 34994 – Condo, July 2017

Stuart Florida 34994 Residential Real Estate Market Report July 2017

Stuart Florida 34994 Residential Real Estate Market Report July 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2017

For July 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 75 active listings (Increased by 3 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential July 2017

12 Homes Sold in June (Down by 4 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida remains active but at a slower rate as we head into the summer season.

The one month absorption rate for the 34994 zip code for July increased to 6.25 months from 5.5 months for June.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2016 numbers were 70 Active Listings, 34 pending sales, and 18 closed sales.  Better sales and pending activity last year with a little larger inventory.

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

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Stuart Florida 34994 Residential Real Estate Market Report July 2017

Stuart FL 34994 Condo Market Report June 2017

Stuart FL 34994 Condo Market Report June 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for June 2017

For June 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 90 active condo listings (Up by 5 condos from May).

Stuart FL 34994 Condo Market Report Jun

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

Stuart FL 34994 Condo Market Report Jun

21 Condos Sold in June (Up by 3 condos from May).

Stuart FL 34994 Condo Market Report Jun

The Stuart FL 34994 Condo market remains very active.  Only small changes in activity levels when compared to last month.

The absorption rate for June decreased to 4.3 months compared to last month’s 4.7.  A slightly stronger sellers’ 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 76 active listings, 30 pending sales, and 27 closed sales.  Better activity last year and on a smaller inventory.

Stuart FL 34994 Condo Market Report Jun

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2017

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2017

For June, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 72 active listings (Increased by 1 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential June 2017

16 Homes Sold in May (Up by 3 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues into summer with solid market activity.

The one month absorption rate for the 34994 zip code for June increased to 5.5 months from 4.4 months for May.  Making a movement closer to a balanced 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 2016 numbers were 70 Active Listings, 33 pending sales and 17 closed sales.  Better closed activity last year though the current pending numbers may show better upcoming closed sales for this year.

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

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Stuart Florida Market Report ZIP Code 34994 Residential June 2017

Stuart FL 34994 Condo Market Report May 2017

Stuart FL 34994 Condo Market Report May 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for May 2017

For May 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 85 active condo listings (Down by 5 condos from April).

Stuart FL 34994 Condo Market Report May 2017

41 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month) 

Stuart FL 34994 Condo Market Report May 2017

18 Condos Sold in May (Down by 11 condos from April).

Stuart FL 34994 Condo Market Report May 2017

The Stuart FL 34994 Condo market continues with solid activity levels.  Closed sales were off for the month when compared to the excellent numbers for April, but pending sales are up which should mean solid sales for the coming months.

The absorption rate for May increased to 4.7 months compared to last month’s 3.1.  Remaining in a sellers’ 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 83 active listings, 43 pending sales, and 18 closed sales.  Very similar activity when compared to May of 2016.

Stuart FL 34994 Condo Market Report May 2017

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Stuart Florida Market Report ZIP Code 34994 – Condo, May 2017

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2017

For May, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Increased by 2 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential May 2017

16 Homes Sold in April (Up by 4 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with strong activity for May.

The one month absorption rate for the 34994 zip code for May decreased to 4.4 months from 5.8 months for April.  Trending back towards more of a sellers’ 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 May 2016 numbers were 62 Active Listings, 43 pending sales and 18 closed sales.  Better pending and closed activity last year with less inventory.

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

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Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart FL 34994 Condo Market Report April 2017

Stuart FL 34994 Condo Market Report April 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for April 2017

For April 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 90 active condo listings (Up by 2 condos from March).

Stuart FL 34994 Condo Market Report April 2017

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

Stuart FL 34994 Condo Market Report April 2017

29 Condos Sold in April (Up by 8 condos from March).

Stuart FL 34994 Condo Market Report April 2017

The Stuart FL 34994 Condo market continues to be a strong sellers market.  There was a sizeable increase in closed sales from last month along with a decrease in pending sales.  Might be an indication of a bit less activity for the coming months.

The absorption rate for April dropped to 3.1 months compared to last month’s 4.2.  Drifting into a stronger sellers’ 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, 35 pending sales, and 19 closed sales.  Better closed sales activity for this year.

Stuart FL 34994 Condo Market Report April 2017

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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2017