Stuart FL 34996 Condo Market Report March 2019

Stuart FL 34996 Condo Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2019

For March 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 131 active condo listings (Down by 7 condos from last month).

Stuart FL 34996 Condo Market Report March 2019

50 Condo sales are pending and awaiting close or lender approval (Down by 1 condo from February).

Stuart FL 34996 Condo Market Report March 2019

24 Condos Sold in March (Up by 8 condos from February) 

Stuart FL 34996 Condo Market Report March 2019

The Stuart FL 34996 Condo Market of Stuart had stronger activity than last month bringing this segment back into a seller’s market.  Though still not as strong as it was last year, but quite active none the less.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 5.5 months from February’s 8.6 months. Transitioning back into a seller’s market for this segment of Martin County condos after a number of months in a buyer’s market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2018 were: 139 active listings, 55 pending sales, and 29 closed sales.  Better activity last year for condo sales in the 34996 zip code of Stuart FL.

Stuart FL 34996 Condo Market Report March 2019

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Search here for condos for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report March 2019

Stuart FL 34996 Residential Market Report March 2019

Stuart FL 34996 Residential Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2019

For March 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 163 active listings (Decreased by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2019 

49 Residential sales are pending and awaiting close (Up by 10 homes from February).

Stuart FL 34996 Residential Market Report March 2019

18 Homes Sold in March (Down by 3 homes from February).

Stuart FL 34996 Residential Market Report March 2019

The 34996 zip code area of the Stuart Florida had a nice jump in pending sales.  Unfortunately, closed sales were down compared to last month while the inventory stayed fairly steady.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for March rose to 9.1 months as compared to the 8.1 months for last month.  Remaining in a buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to a 7 month absorption rate.

The numbers for March 2018 were: 133 active listings, 48 pending sales, and 29 closed sales.  Better closed sales numbers for last year.  A slightly higher number of pending sales this year, but this is also with a considerably greater number of available homes for sale (inventory).

Stuart FL 34996 Residential Market Report March 2019

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Search here for homes for sale in the 34996 zip code area of Stuart FL

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Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report March 2019

Stuart FL 34996 Condo Market Report February 2019

Stuart FL 34996 Condo Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2019

For February 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 138 active condo listings (Up by 16 condos from last month).

Stuart FL 34996 Condo Market Report February 2019

51 Condo sales are pending and awaiting close or lender approval (Up by 13 condos from January).

Stuart FL 34996 Condo Market Report February 2019

16 Condos Sold in February (Down by 1 condo from January) 

Stuart FL 34996 Condo Market Report February 2019

The Stuart FL 34996 Condo Market of Stuart showed a nice increase in pending sales but a slight decrease in closed sales when compared to January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 8.6 months from January’s 7.2 months. Remaining in a slight buyer’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2018 were: 141 active listings, 55 pending sales, and 29 closed sales.  Slightly better activity last year.

Stuart FL 34996 Condo Market Report February 2019

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report February 2019

Stuart FL 34996 Residential Market Report February 2019

Stuart FL 34996 Residential Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2019

For February 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 171 active listings (Decreased by 3 homes from January).

Stuart FL 34996 Residential Market Report February 2019

39 Residential sales are pending and awaiting close (Down by 4 homes from January).

Stuart FL 34996 Residential Market Report February 2019

21 Homes Sold in February (Up by 11 homes from January).

Stuart FL 34996 Residential Market Report February 2019

The 34996 zip code area of the Stuart Florida had a nice jump in closed sales.  Unfortunately, both pending sales and inventory dropped from last month.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for February rose to 8.1 months as compared to October’s 17.4 months.  Still a buyer’s market for the 34996 zip code area of Stuart FL but driting towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February 2018 were: 130 active listings, 56 pending sales, and 14 closed sales.  There is increased sales volume this year but also less pending activity and a greater inventory of homes for sale.

Stuart FL 34996 Residential Market Report February 2019

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 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report February 2019

Stuart FL 34996 Condo Market Report January 2019

Stuart FL 34996 Condo Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2019

For January 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report January 2019

38 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from December).

Stuart FL 34996 Condo Market Report January 2019

17 Condos Sold in January (Down by 10 condos from December) 

Stuart FL 34996 Condo Market Report January 2019

The Stuart FL 34996 Condo Market of Stuart is one of the few areas in Martin County with lower inventory as compared to last year.  Closed sales were unchanged and pending sales increased for January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 7.2 months from December’s 4.6 months. Transitioning back into a slight buyer’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2018 were: 140 active listings, 52 pending sales, and 17 closed sales.  Identical closed sales with slightly less pending sales this year on lower inventory.  This condo market is bucking the trend from the rest of Martin County.

Stuart FL 34996 Condo Market Report January 2019

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report January 2019