Stuart FL 34994 Condo Market Report October 2018

Stuart FL 34994 Condo Market Report October 2018 

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

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

There are currently 85 active condo listings (Up by 9 condos from September).

Stuart FL 34994 Condo Market Report October 2018

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

Stuart FL 34994 Condo Market Report October 2018

14 Condos Sold in October (Down by 6 condos from September).

Stuart FL 34994 Condo Market Report October 2018

The Stuart FL 34994 Condo market showed slightly weaker closed activity from last month along with an increase in inventory of available condos for sale.

The absorption rate for October dropped to 6.1 months compared to last month’s 3.8.  Transitioning 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 October the numbers were 92 active listings, 28 pending sales, and 14 closed sales.  Identical closed volume when compared to last year, but much better pending activity.

Stuart FL 34994 Condo Market Report October 2018

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Stuart FL 34994 Condo Market Report October 2018 

 

Stuart Florida 34994 Residential Market Report October 2018

Stuart Florida 34994 Residential Market Report October 2018

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

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

There are currently 85 active listings (Up by 13 homes from September)

Stuart Florida 34994 Residential Market Report October 2018

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

Stuart Florida 34994 Residential Market Report October 2018

15 Homes Sold in May (Decreased by 2 homes from September)

Stuart Florida 34994 Residential Market Report October 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida is showing a welcome increase in inventory.  Unfortunately, sales were off when compared to last month.

The one-month absorption rate for the 34994 zip code for October rose to 5.7 months from 4.2 months for September.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL.  This is getting very close to 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 2017 numbers were 76 Active Listings, 27 pending sales, and 12 closed sales.  With a higher inventory, better cllosed activity this year. Pending sales were better last year.

Stuart Florida 34994 Residential Market Report October 2018

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Stuart Florida 34994 Residential Real Estate Market Report October 2018

Stuart FL 34994 Condo Market Report September 2018

Stuart FL 34994 Condo Market Report September 2018 

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

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

There are currently 76 active condo listings (Down by 1 condos from August).

Stuart FL 34994 Condo Market Report September 2018

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

20 Condos Sold in September (Up by 4 condos from August).

The Stuart FL 34994 Condo market remains as a very active market.  pending sales were down from last month and closed sales were up.

The absorption rate for September dropped to 3.8 months compared to last month’s 4.8.  Remaining in a strong 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 September the numbers were 73 active listings, 22 pending sales, and 14 closed sales.  Much better activity for this month when compared to last year.

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report September 2018 

 

Stuart Florida 34994 Residential Market Report September 2018

Stuart Florida 34994 Residential Market Report September 2018

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

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

There are currently 72 active listings (Up by 1 home from August)

Stuart Florida 34994 Residential Market Report September 2018

16 Residential sales are pending and awaiting close or lender approval (Decreased by 12 homes from last month).

Stuart Florida 34994 Residential Market Report September 2018

17 Homes Sold in May (Increased by 2 homes from August)

Stuart Florida 34994 Residential Market Report September 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show good activity.  Pending sales were off this month which could be an indication of a slower market in the next few months.

The one-month absorption rate for the 34994 zip code for September dipped to 4.2 months from 4.7 months for August.  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 September 2017 numbers were 76 Active Listings, 21 pending sales, and 8 closed sales.  Considerably stronger closed sales activity this year.

Stuart Florida 34994 Residential Market Report September 2018

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Stuart Florida 34994 Residential Real Estate Market Report September 2018

Stuart FL 34994 Condo Market Report August 2018

Stuart FL 34994 Condo Market Report August 2018 

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

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

There are currently 77 active condo listings (Down by 7 condos from July).

Stuart FL 34994 Condo Market Report August 2018

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

Stuart FL 34994 Condo Market Report August 2018

16 Condos Sold in August (Unchanged from July).

Stuart FL 34994 Condo Market Report August 2018

The Stuart FL 34994 Condo market remains a strong market with a strong number of pending sales.  This should result in some strong sales in the coming months.

The absorption rate for August dipped to 4.8 months compared to last month’s 5.3.  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 August the numbers were 70 active listings, 30 pending sales, and 21 closed sales.  Pending sales remain much stronger than last year while the closed sales were lower.

Stuart FL 34994 Condo Market Report August 2018

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report August 2018