Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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

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

There are currently 69 active listings (Unchanged from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

33 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 April 2017

12 Homes Sold in March (Down by 3 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March.  Once again approaching 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 April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales.  Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart FL 34994 Condo Market Report March 2017

Stuart FL 34994 Condo Market Report March 2017

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

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

 

There are currently 88 active condo listings (Down by 13 condos from February).

Stuart FL 34994 Condo Market Report March 2017

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

Stuart FL 34994 Condo Market Report March 2017

21 Condos Sold in March (Down by 2 condos from February).

Stuart FL 34994 Condo Market Report March 2017

The Stuart FL 34994 Condo market continues to get stronger with an increase in closed sales and continued strong pending numbers as well.  Unfortunately the inventory has gone down reducing the number of available condos for this segment of the Stuart condo market.

The absorption rate for March dropped to 4.2 months compared to last month’s 4.9.  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 March the numbers were 96 active listings, 38 pending sales, and 15 closed sales.  Similar number of pending sales with an increase in completed sales and a lower inventory for this March when compared to last year.

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

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

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

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

There are currently 69 active listings (Decreased by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential March 2017

15 Homes Sold in February (Up by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued to improve with both pending sales and closed sales increasing for the month of March.

The one month absorption rate for the 34994 zip code for March dropped to 4.6 months from 6.8 months for February.  Transitioning into a strong 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 March 2016 numbers were 62 Active Listings, 33 pending sales and 15 closed sales.  Very similar activity to last year.

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

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Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Stuart FL 34994 Condo Market Report February 2017

Stuart FL 34994 Condo Market Report February 2017

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

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

 

There are currently 101 active condo listings (Up by 10 condos from January).

Stuart FL 34994 Condo Market Report February 2017

28 Condo sales are pending and awaiting close or lender approval. (Decreased by 12 condos from last month) 

Stuart FL 34994 Condo Market Report February 2017

23 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34994 Condo Market Report February 2017

The Stuart FL 34994 Condo market continues with strong activity for the 2017 condo real estate market.

The absorption rate for February dropped to 4.9 months compared to last month’s 5.1.  Continuing as a buyers’ 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 91 active listings, 32 pending sales, and 20 closed sales.   Slightly better closed sales volume while weaker pending sales on slightly greater inventory.

Stuart FL 34994 Condo Market Report February 2017

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

Stuart Florida Market Report ZIP Code 34994 Residential February 2017

Stuart Florida Market Report ZIP Code 34994 Residential February 2017

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

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

There are currently 74 active listings (Decreased by 6 homes from January)

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

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

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

10 Homes Sold in January (Up by 3 homes from January)

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

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida regained some lost momentum from the previous month.

The one month absorption rate for the 34994 zip code for February dropped to 6.8 months from 10.6 months for January.  Moving into 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 2016 numbers were 69 Active Listings, 24 pending sales and 13 closed sales.  Slightly weaker activity for this year.

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

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Stuart Florida Market Report ZIP Code 34994 Residential February 2017

Stuart FL 34994 Condo Market Report January 2017

Stuart FL 34994 Condo Market Report January 2017

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

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

 

There are currently 91 active condo listings (Up by 5 condos from December).

Stuart FL 34994 Condo Market Report January 2017

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

Stuart FL 34994 Condo Market Report January 2017

18 Condos Sold in January (Up by 5 condos from December).

Stuart FL 34994 Condo Market Report January 2017

The Stuart FL 34994 Condo market had a very strong start for the 2017 year with an increase in both closed and pending sales.

The absorption rate for January dropped to 5.1 months compared to last month’s 6.6.  Moving back into a buyers’ 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 102 active listings, 28 pending sales, and 15 closed sales.   Considerably better activity for the beginning of 2017 as compared to last January with less inventory.

Stuart FL 34994 Condo Market Report January 2017

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

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

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

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

There are currently 74 active listings (Increased by 22 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential January 2017

7 Homes Sold in December (Down by 12 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida began 2017 with a drop inactivity along with a big jump in inventory.

The one month absorption rate for the 34994 zip code for January jumped to 10.6 months from 2.7 months for December.  Into a buyers’ market for the first time in quite some time 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 2016 numbers were 59 Active Listings, 14 pending sales and 10 closed sales.  A big jump in inventory along with a drop in closed and pending sales from last January.

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

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Stuart Florida Market Report ZIP Code 34994 Residential January 2017

Stuart FL 34994 Condo Market Report December 2016

Stuart FL 34994 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2016

For December 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 86 active condo listings (Down by 12 condos from November).

Stuart FL 34994 Condo Market Report December 2016

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

Stuart FL 34994 Condo Market Report December 2016

13 Condos Sold in December (Down by 7 condos from November).

Stuart FL 34994 Condo Market Report December 2016

The Stuart FL 34994 Condo market had a drop in inventory for this month and an increase in pending sales but also a decrease in closed sales.

The absorption rate for December dropped to 6.6 months compared to last month’s 4.9.  Moving 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 December the numbers were 93 active listings, 29 pending sales, and 17 closed sales.   Similar activity as compared to last year with a bit more closed sales and slightly less pending sales from last year.

Stuart FL 34994 Condo Market Report December 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2016

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2016

For December, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Increased by 7 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

18 Residential sales are pending and awaiting close or lender approval (Decreased by 13 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential December 2016

19 Homes Sold in November (Up by 5 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  The issue is once again becoming the inventory with very few numbers of available homes for sale on the market.

The one month absorption rate for the 34994 zip code for December declined to 2.7 months from 3.2 months for November.  Continuing as a very strong 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 December 2015 numbers were 59 Active Listings, 19 pending sales and 12 closed sales.  Stronger activity for this December with lower inventory.

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

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Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart FL 34994 Condo Market Report November 2016

Stuart FL 34994 Condo Market Report November 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2016

For November 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 98 active condo listings (Up by 5 condos from October).

Stuart FL 34994 Condo Market Report November 2016

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

Stuart FL 34994 Condo Market Report November 2016

20 Condos Sold in November (Up by 6 condos from October).

Stuart FL 34994 Condo Market Report November 2016

The Stuart FL 34994 Condo market showed improved sales as well as a continued strong pending activity for November.  A little bit of a surprise that this condo market has done well so late in the season.

The absorption rate for November dropped to 4.9 months compared to last month’s 6.5.  Moving back into 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 November the numbers were 96 active listings, 24 pending sales, and 13 closed sales.   Surprisingly a much improved market as compared to last November.  Typically the condo market picks up later in the year and the beginning f the following year.

Stuart FL 34994 Condo Market Report November 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, November 2016

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2016

For November, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 45 active listings (Decreased by 11 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

31 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 November 2016

14 Homes Sold in October (Down by 2 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  Unfortunately the inventory of active home listings is dropping once again to levels that may make this market difficult in the near future.

The one month absorption rate for the 34994 zip code for November declined to 3.2 months from 3.5 months for October.  Continuing as a strong 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 November 2015 numbers were 61 Active Listings, 25 pending sales and 12 closed sales.  Considerably stronger activity this year when compared to 2015, but the large drop in inventory is troubling.

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

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Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Stuart FL 34994 Condo Market Report October 2016

Stuart FL 34994 Condo Market Report October 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2016

For October 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 93 active condo listings (Up by 1 condos from September).

Stuart FL 34994 Condo Market Report October 2016

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

Stuart FL 34994 Condo Market Report October 2016

14 Condos Sold in October (Down by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2016

The Stuart FL 34994 Condo market moderated for last month after a pretty strong summer.  This is what we expect for the condo market in this time of the year.  This should continue until the first of the year when activity will pick up steam once again.

The absorption rate for October increased to 6.5 months compared to last month’s 5.1.  Moving into a balanced market for this condo segment of Stuart’s 34994 zip code area.  In line for summer condo activity for the 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 87 active listings, 28 pending sales, and 15 closed sales.   Very similar activity when compared to last year.

Stuart FL 34994 Condo Market Report October 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2016

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2016

For October, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 56 active listings (Decreased by 8 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential October 2016

16 Homes Sold in September (Up by 5 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had very strong activity for what is typically a slow month for the area.  Unfortunately the inventory of active listings is getting a bit to small once again.

The one month absorption rate for the 34994 zip code for October plunged to 3.5 months from 5.8 months for September.  Back into a strong 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 October 2015 numbers were 55 Active Listings, 30 pending sales and 8 closed sales.  A much improved market for this year when compared with last year..

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

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Stuart Florida Market Report ZIP Code 34994 Residential October 2016

Stuart FL 34994 Condo Market Report September 2016

Stuart FL 34994 Condo Market Report September 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2016

For September 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 92 active condo listings (Up by 3 condos from August).

Stuart FL 34994 Condo Market Report September 2016

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

Stuart FL 34994 Condo Market Report September 2016

18 Condos Sold in September (Up by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2016

The Stuart FL 34994 Condo market continues with strong activity as the summer draws to a close.  This is somewhat unexpected for the condo market in the summer.  Hopefully, this is a good indication of continued strong activity as we head into the fall and winter months.

The absorption rate for September decreased to 5.1 months compared to last month’s 5.6. Continuing as a sellers market for the second month in a row for this condo segment of Stuart’s 34994 zip code area.  This is somewhat surprising as condo sales often slow down during the summer months.  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 71 active listings, 35 pending sales, and 11 closed sales.   Better closed activity this year along with an increase in inventory.

Stuart FL 34994 Condo Market Report September 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2016

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2016

For September, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Unchanged from August)

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential September 2016

11 Homes Sold in August (Down by 2 homes from August)

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a nice increase with homes under contract (pending sales) which should translate ti an increasing number of closed sales for the coming months.  The inventory stayed unchanged from last month while closed sales were off by 2 homes.

The one month absorption rate for the 34994 zip code for September increased to 5.8 months from 4.9 months for August.  Just about up 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 September 2015 numbers were 57 Active Listings, 28 pending sales and 12 closed sales.   Much the same as happened last year with a decrease in activity from August to September but this year still had better activity than last.

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

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Stuart Florida Market Report ZIP Code 34994 Residential September 2016

Stuart FL 34994 Condo Market Report August 2016

Stuart FL 34994 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2016

For August 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 89 active condo listings (Up by 15 condos from July).

Stuart FL 34994 Condo Market Report August 2016

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

Stuart FL 34994 Condo Market Report August 2016

16 Condos Sold in August (Up by 6 condos from July).

Stuart FL 34994 Condo Market Report August 2016

The Stuart FL 34994 Condo market showed a nice bounce back from a slow July as both pending and closed sales saw an increase.

The absorption rate for August decreased to 5.6 months compared to last month’s 7.4.  Once again back into a sellers’ market for this condo segment of Stuart’s 34994 zip code area.  This is somewhat surprising as condo sales often slow down during the summer months.  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 76 active listings, 27 pending sales, and 14 closed sales.   Somewhat greater activity for August of 2016 with a slightly higher inventory as well.

Stuart FL 34994 Condo Market Report August 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, August 2016

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2016

For August, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Down by 6 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential August 2016

13 Homes Sold in July (Down by 5 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July.  Still in 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 August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales.   Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

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Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart FL 34994 Condo Market Report July 2016

Stuart FL 34994 Condo Market Report July 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2016

For July 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Down by 2 condos from June).

Stuart FL 34994 Condo Market Report July 2016

29 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month) 

Stuart FL 34994 Condo Market Report July 2016

10 Condos Sold in July (Down by 17 condos from June).

Stuart FL 34994 Condo Market Report July 2016

The Stuart FL 34994 Condo market entered the summer doldrums for the month for July of 2016.  Closed sales were down significantly while pending sales remained strong on reduced inventory levels.

The absorption rate for July jumped to 7.4 months compared to last month’s 2.8.  Popping back into a buyers’ condo segment of Stuart’s 34994 zip code area.  This is not totally unexpected as condo sales often slow down during the summer months.  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, 23 pending sales, and 20 closed sales.   Better closed numbers for 2015, but pending sales are a bit better this year and it’s with less inventory.

Stuart FL 34994 Condo Market Report July 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, July 2016

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2016

For July, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 70 active listings (Unchanged from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential July 2016

18 Homes Sold in June (Up by 1 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued the summer with strong activity for July with positive future activity (pending sales) and also an increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from 4.1 months for June.  Still in 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 July 2014 numbers were 62 Active Listings, 32 pending sales and 16 closed sales.   Slightly better sales numbers for this year when compared to July of 2015.

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Stuart FL 34994 Condo Market Report June 2016

Stuart FL 34994 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2016

For June 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 7 condos from May).

Stuart FL 34994 Condo Market Report June 2016

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

Stuart FL 34994 Condo Market Report June 2016

27 Condos Sold in June (Up by 9 condos from May).

Stuart FL 34994 Condo Market Report June 2016

The Stuart FL 34994 Condo market had a very strong sales month for June of 2016.  Pending sales are off slightly, but this is still an active market.

The absorption rate for June dropped to 2.8 months compared to last month’s 4.6.   An extreme sellers’ market for the 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, 34 pending sales, and 23 closed sales.   Slightly better closed volume for 2016 with a lower amount of inventory

Stuart FL 34994 Condo Market Report June 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2016