Stuart Florida Market Report ZIP Code 34994 Residential June 2016

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

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

There are currently 70 active listings (Up by 8 homes from May)

33 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from last month).

 

17 Homes Sold in May (Down by 1 homes from May)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for June with very strong future activity (pending sales) and also a nice increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for June increased to 4.1 months from 3.4 months for May.  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 June 2014 numbers were 64 Active Listings, 38 pending sales and 14 closed sales.   Slightly better volume of activity for this year when compared to June of 2015.

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Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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

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

There are currently 62 active listings (Down by 3 homes from April)

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

 

18 Homes Sold in April (Up by 8 homes from April)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for may with very strong future activity (pending sales) and also a nice increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for May dropped down to 3.4 months from 6.5 months for April.  Back into a serious 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 2014 numbers were 72 Active Listings, 31 pending sales and 13 closed sales.   Considerably better activity this year even with the reduced inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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

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

There are currently 65 active listings (Up by 2 homes from March)

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

 

10 Homes Sold in March (Down by 5 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a slow month of April for closed sales while at the same time showing some pretty good increase in pending sales.  This should signal an increase in closed sales for the coming months.

The one month absorption rate for the 34994 zip code for April jumped to 6.5 months from 4.1 months for March.  Back to a balance market for the 34994 zip code area of Stuart, FL (even though I suspect this is only temporary).  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2014 numbers were 68 Active Listings, 33 pending sales and 21 closed sales.   Better closed sales numbers for last year but higher pending sales for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential March 2016

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

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

There are currently 62 active listings (Down by 7 homes from February)

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

 

15 Homes Sold in February (Up by 2 homes from February)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed strong increases in both sales and pending activity while unfortunately getting very low, once again, with the available inventory.

The one month absorption rate for the 34994 zip code for March dropped to 4.1 months from 5.3 months for February.  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 March 2014 numbers were 76 Active Listings, 45 pending sales and 16 closed sales.   Slightly better closed and pending volume from 2015, but it was also with a larger available inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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

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

There are currently 69 active listings (Up by 10 homes from January)

24 Residential sales are pending and awaiting close or lender approval (Increased by 10 homes from last month).

 

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

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2016.

The one month absorption rate for the 34994 zip code for February dropped to 5.3 months from 5.9 months for January.  Back into 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 February 2014 numbers were 89 Active Listings, 33 pending sales and 11 closed sales.   Considerably better activity this year with a much reduced inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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

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

There are currently 59 active listings (Unchanged from December)

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

 

1o Homes Sold in December (Down by 2 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2015.

The one month absorption rate for the 34994 zip code for January jumped to 5.9 months from last months 4.9 months.  Just about a balanced market 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 2014 numbers were 85 Active Listings, 37 pending sales and 9 closed sales.   Much more active market back last year, though closed sales just edged out last years numbers.  We could use more active listings in the 34994 zip code of Stuart FL.

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Stuart Florida Market Report ZIP Code 34994 Residential December 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2015

For December, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 59 active listings (Decreased by 2 homes from November)

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

 

12 Homes Sold in November (No change from November)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed little changes from the previous month.  Sales were unchanged while both pending sales and active inventory both dropped slightly.

The one month absorption rate for the 34994 zip code for December decreased to 4.9 months from last months 5.1 months.  Still a sellers market for the 34994 zip code area of Stuart, FL.

The December 2014 numbers were 89 Active Listings, 24 pending sales and 12 closed sales.   Considerably less inventory for 2015 as compared to last year.  Though sales are still equal to 2014.

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Stuart Florida Market Report ZIP Code 34994 Residential November 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2015

For November, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 61 active listings (Increased by 5 homes from October)

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

 

12 Homes Sold in October (Up by 4 homes from October)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida swing back to an active month prior to the holiday season, with a very nice increase in closed sales.  Inventory was up slightly and unfortunately the pending sales ( a sign of potential future activity) dropped a little.

The one month absorption rate for the 34994 zip code for November decreased to 5.1 months from last months 6.9 months, seesawing back and forth for the past few months, now back into a sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2014 numbers were 77 Active Listings, 35 pending sales and 11 closed sales.   Similar volume of closed sales as to last year, while having a lower inventory and also a lower number of pending sales.

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Stuart Florida Market Report ZIP Code 34994 Residential November 2015

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2015

For October, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 55 active listings (Dercreased by 2 homes from September)

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

 

8 Homes Sold in September (Down by 4 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida slid back a little for October as closed sales decreased.  Pending sales remain strong and I expect this segment of the Stuart real estate market to remain healthy for next year.

The one month absorption rate for the 34994 zip code for October decreased to 6.9 months from last months 4.8 months, seesawing back and forth for the past few months, now back into a buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2014 numbers were 70 Active Listings, 36 pending sales and 8 closed sales.   Slightly better pending sales and an equal number of closed sales from last year, though there was greater inventory as well.

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Stuart Florida Market Report ZIP Code 34994 Residential September 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2015

For September, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 57 active listings (Increased by 5 homes from August)

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

 

12 Homes Sold in August (Up by 3 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida improved from last month.  All tracked market activities increased for September.  It’s good to see an increase in inventory.  Hopefully this will continue.

The one month absorption rate for the 34994 zip code for September decreased to 4.8 months from last months 5.8 months, back into a sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2014 numbers were 62 Active Listings, 40 pending sales and 20 closed sales.   Better activity last year, but also with greater inventory.

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