Stuart FL 34996 Condo Market Report April 2017

Stuart FL 34996 Condo Market Report April 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2017

For April 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report April 2017

35 Condo sales are pending and awaiting close or lender approval (Decreased by 23 condos from March).

Stuart FL 34996 Condo Market Report April 2017

40 Condos Sold in April (Up by 4 condos from March) 

Stuart FL 34996 Condo Market Report April 2017

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for April but a sizeable drop in pending sales.  This is often an indication of upcoming slower closed activity in the next few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.7 months from March’s 4.1 months.  The second month of a sellers 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 April 2016 were: 126 active listings, 48 pending sales and 37 closed sales.  Similar activity when compared to last year, but with a greater availability of condos this year.

Stuart FL 34996 Condo Market Report April 2017

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Stuart FL 34996 Condo Market Report April 2017

Stuart FL 34996 Residential Market Report April 2017

Stuart FL 34996 Residential Market Report April 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2017

 

For April 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 163 active listings (Down by 4 homes from March).

Stuart FL 34996 Residential Market Report April 2017

49 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from March).

Stuart FL 34996 Residential Market Report April 2017

21 Homes Sold in April (Decreased by 15 homes from March).

Stuart FL 34996 Residential Market Report April 2017

The 34996 zip code area of the Stuart Florida residential real estate market eased a bit from march with declines in both pending and closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April jumped to 7.8 months as compared to March’s 4.6 months.  A buyers market once again 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 7 month absorption rate.

The numbers for April of 2016 were: 151 active listings, 55 pending sales and 25 closed sales.  Slightly better sales activity last year.

Stuart FL 34996 Residential Market Report April 2017

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Stuart FL 34996 Residential Market Report April 2017

Stuart FL 34996 Condo Market Report March 2017

Stuart FL 34996 Condo Market Report March 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2017

For March 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Down by 5 condos from last month).

Stuart FL 34996 Condo Market Report March 2017

58 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from February).

Stuart FL 34996 Condo Market Report March 2017

36 Condos Sold in March (Up by 17 condos from February) 

Stuart FL 34996 Condo Market Report March 2017

The Stuart FL 34996 Condo Market of Stuart showed a continued reduction of available condos for sale (inventory) while sales and pending sales both rose.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.1 months from February’s 8.1 months.  Back into a sellers 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 March 2016 were: 114 active listings, 53 pending sales and 29 closed sales.  Much stronger market this year when compared to last March.

Stuart FL 34996 Condo Market Report March 2017

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Stuart FL 34996 Condo Market Report March 2017

Stuart FL 34996 Residential Market Report March 2017

Stuart FL 34996 Residential Market Report March 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2017

 

For March 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 167 active listings (Up by 1 homes from February).

Stuart FL 34996 Residential Market Report March 2017

58 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from February).

Stuart FL 34996 Residential Market Report March 2017

36 Homes Sold in March (Increased by 24 homes from February).

Stuart FL 34996 Residential Market Report March 2017

The 34996 zip code area of the Stuart Florida residential real estate market continued to pick up for March 2017 with a large increase in closed sales and still strong pending sales even if off by a few homes from last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 4.6 months as compared to February’s 13.8 months.  Transitioning back into a strong sellers 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 7 month absorption rate.

The numbers for March of 2016 were: 163 active listings, 51 pending sales and 23 closed sales.  Better activity this year as compared to last March.

Stuart FL 34996 Residential Market Report March 2017

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Stuart FL 34996 Residential Market Report March 2017

Stuart FL 34996 Condo Market Report February 2017

Stuart FL 34996 Condo Market Report February 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2017

For February 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Down by 17 condos from last month).

Stuart FL 34996 Condo Market Report February 2017

56 Condo sales are pending and awaiting close or lender approval (Increased by 25 condos from January).

Stuart FL 34996 Condo Market Report February 2017

19 Condos Sold in February (Down by 3 condos from January) 

Stuart FL 34996 Condo Market Report February 2017

The Stuart FL 34996 Condo Market of Stuart showed a reduction of inventory with a large jump in pending sales, indicating a potential for better closed sales coming up in the next few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose slightly to 8.1 months from January’s 7.7 months.  Remaining in a buyers 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 2016 were: 118 active listings, 53 pending sales and 18 closed sales.  Much more inventory this year with slightly greater volume of both closed and pending sales.

Stuart FL 34996 Condo Market Report February 2017

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Stuart FL 34996 Condo Market Report February 2017

Stuart FL 34996 Residential Market Report February 2017

Stuart FL 34996 Residential Market Report February 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2017

 

For February 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 166 active listings (Down by 14 homes from January).

Stuart FL 34996 Residential Market Report February 2017

61 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from January).

Stuart FL 34996 Residential Market Report February 2017

12 Homes Sold in February (Increased by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2017

The 34996 zip code area of the Stuart Florida residential real estate market rebounded for February 2017 with an decrease in inventory and an increase in closed sales as well as future sales (pendings).

The one month absorption rate for the 34996 zip code area of Stuart Florida for February jumped to 13.8 months as compared to January’s 18.0 months.  Still a strong buyers’ market for the 34996 zip code area of Stuart FL but tending 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 of 2016 were: 154 active listings, 55 pending sales and 12 closed sales.  Better pending activity this year with the same volume of closed sales as last year.

Stuart FL 34996 Residential Market Report February 2017

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Stuart FL 34996 Residential Market Report February 2017

Stuart FL 34996 Condo Market Report January 2017

Stuart FL 34996 Condo Market Report January 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2017

For January 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 170 active condo listings (Up by 17 condos from last month).

Stuart FL 34996 Condo Market Report January 2017

31 Condo sales are pending and awaiting close or lender approval (Decreased by 4 condos from December).

Stuart FL 34996 Condo Market Report January 2017

22 Condos Sold in January (Up by 2 condos from December) 

Stuart FL 34996 Condo Market Report January 2017

The Stuart FL 34996 Condo Market of Stuart had small gains from last month with sales up slightly.  A fairly large jump in inventory along with a decrease in pending sales is a little troubling.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 remained basically unchanged at 7.7 months from December’s 7.65 months.  Remaining in a buyers 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 2016 were: 123 active listings, 37 pending sales and 11 closed sales.  Somewhat better closed activity for this year when compared with last year, but with a much larger number of condos available for sale.

Stuart FL 34996 Condo Market Report January 2017

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Stuart FL 34996 Condo Market Report January 2017

Stuart FL 34996 Residential Market Report January 2017

Stuart FL 34996 Residential Market Report January 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2017

 

For January 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 180 active listings (Up by 11 homes from December).

Stuart FL 34996 Residential Market Report January 2017

43 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from December).

Stuart FL 34996 Residential Market Report January 2017

10 Homes Sold in January (Decreased by 7 homes from December).

Stuart FL 34996 Residential Market Report January 2017

The 34996 zip code area of the Stuart Florida residential real estate market slowed for the beginning of 2017 with an increase in inventory and a decrease in closed sales.  Pending sales remain strong so we should see improved numbers in the next few months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January jumped to 18.0 months as compared to December’s 9.9 months.  Once again a strong buyers’ 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 7 month absorption rate.

The numbers for January of 2016 were: 160 active listings, 42 pending sales and 10 closed sales.  Very similar closed and pending sales, though there’s greater inventory for this year.

Stuart FL 34996 Residential Market Report January 2017

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Stuart FL 34996 Residential Market Report January 2017

Stuart FL 34996 Condo Market Report December 2016

Stuart FL 34996 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2016

For December 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report December 2016

35 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from November).

Stuart FL 34996 Condo Market Report December 2016

20 Condos Sold in December (Up by 8 condos from November) 

Stuart FL 34996 Condo Market Report December 2016

The Stuart FL 34996 Condo Market of Stuart continued to show improving sales and pendings though it is still trying to catch up with the increases in inventory from the past few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 7.65 months from November’s 12.8 months.  Remaining in a buyers market for this segment of Martin County condos but trending in the right direction.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2015 were: 102 active listings, 31 pending sales and 18 closed sales.  Fairly similar closed and pending volume as compared to December of 2015, but the inventory is considerably higher this year when compared to 2015.

Stuart FL 34996 Condo Market Report December 2016

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report December 2016

Stuart FL 34996 Residential Market Report December 2016

Stuart FL 34996 Residential Market Report December 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2016

 

For December 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 169 active listings (Down by 17 homes from November).

Stuart FL 34996 Residential Market Report December 2016

31 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from November).

Stuart FL 34996 Residential Market Report December 2016

17 Homes Sold in December (Increased by 8 homes from November).

Stuart FL 34996 Residential Market Report December 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed a nice strong finish for the end of the year with improved sales and pending activity along with a drop in inventory.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 9.9 months as compared to November’s 20.6 months.  Still a buyers’ market for the 34996 zip code area of Stuart FL but trending in the right direction.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December of 2015 were: 170 active listings, 24 pending sales and 12 closed sales.  The end of 2016 had stronger activity when compared to the finish of 2015.

Stuart FL 34996 Residential Market Report December 2016

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Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report December 2016

Stuart FL 34996 Condo Market Report November 2016

Stuart FL 34996 Condo Market Report November 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2016

For November 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Up by 16 condos last month).

Stuart FL 34996 Condo Market Report November 2016

34 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from October).

Stuart FL 34996 Condo Market Report November 2016

12 Condos Sold in November (Up by 1 condos from October) 

Stuart FL 34996 Condo Market Report November 2016

The Stuart FL 34996 Condo Market of Stuart showed some gains in sales as well as pending sales but not enough to offset some fairly large gains in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped to 12.8 months from October’s 12.5 months.  Remaining in a buyers 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 November 2015 were: 94 active listings, 32 pending sales and 16 closed sales.  Fairly similar closed and pending volume as compared to November of 2015, but the inventory is considerably higher.

Stuart FL 34996 Condo Market Report November 2016

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report November 2016

Stuart FL 34996 Residential Market Report November 2016

Stuart FL 34996 Residential Market Report November 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2016

 

For November 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 186 active listings (Up by 12 homes from October).

Stuart FL 34996 Residential Market Report November 2016

24 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from October).

Stuart FL 34996 Residential Market Report November 2016

9 Homes Sold in November (Decreased by 6 homes from October).

Stuart FL 34996 Residential Market Report November 2016

The 34996 zip code area of the Stuart Florida residential real estate market had a jump in inventory while decreasing activity in both pending and closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 20.6 months as compared to October’s 11.6 months.  The fourth month in a row as a buyers’ market for the 34996 zip code area of Stuart FL after a long string of being in a sellers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2015 were: 143 active listings, 34 pending sales and 6 closed sales.  Inventory is considerably greater this year and pending sales are fewer with a little bit better closed sales volume.

Stuart FL 34996 Residential Market Report November 2016

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Stuart FL 34996 Residential Market Report November 2016

Stuart FL 34996 Condo Market Report October 2016

Stuart FL 34996 Condo Market Report October 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2016

For October 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 137 active condo listings (Up by 5 condos last month).

Stuart FL 34996 Condo Market Report October 2016

23 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from September).

Stuart FL 34996 Condo Market Report October 2016

11 Condos Sold in October (Down by 10 condos from September) 

Stuart FL 34996 Condo Market Report October 2016

The Stuart FL 34996 Condo Market of Stuart eased off in closed and pending sales while continuing to gain in inventory.  This is not an unexpected result as we are in the slower season for condo sales which traditionally rely on the second home market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped to 12.5 months from September’s 6.3 months.  A buyers market as the condo season winds down for the end of the season.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2015 were: 79 active listings, 29 pending sales and 26 closed sales.  Considerably stronger condo market last year.

Stuart FL 34996 Condo Market Report October 2016

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report October 2016

Stuart FL 34996 Residential Market Report October 2016

Stuart FL 34996 Residential Market Report October 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2016

 

For October 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 174 active listings (Up by 13 homes from September).

Stuart FL 34996 Residential Market Report October 2016

25 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2016

15 Homes Sold in October (Increased by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2016

The 34996 zip code area of the Stuart Florida residential real estate market improved for October 2016 after a weaker previous two months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 11.6 months as compared to September’s 12.4 months.  The  third month in a row as a buyers’ market for the 34996 zip code area of Stuart FL after a long string of being in a sellers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2015 were: 161 active listings, 17 pending sales and 12 closed sales.  Improved sales activity from last year with an increase in inventory as well.

Stuart FL 34996 Residential Market Report October 2016

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

Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report October 2016

Stuart FL 34996 Condo Market Report September 2016

Stuart FL 34996 Condo Market Report September 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2016

For September 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 132 active condo listings (Up by 12 condos last month).

Stuart FL 34996 Condo Market Report September 2016

25 Condo sales are pending and awaiting close or lender approval (Decreased by 8 condos from August).

Stuart FL 34996 Condo Market Report September 2016

21 Condos Sold in September (Up by 5 condos from August) 

Stuart FL 34996 Condo Market Report September 2016

The Stuart FL 34996 Condo Market of Stuart showed some gains from last month and is back into a balanced market.  Inventory is increasing and we will need to see corresponding increases in sales activity for the near future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 was down to 6.3 months from August’s 7.4 months.  Back in a balanced market for this segment of Stuart FL condos after two months as a sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2015 were: 76 active listings, 41 pending sales and 29 closed sales.  This years market activity is not as strong as it was last year.

Stuart FL 34996 Condo Market Report September 2016

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report September 2016

Stuart FL 34996 Residential Market Report September 2016

Stuart FL 34996 Residential Market Report September 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2016

 

For September 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 161 active listings (Up by 17 homes from August).

Stuart FL 34996 Residential Market Report September 2016

27 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from August).

Stuart FL 34996 Residential Market Report September 2016

13 Homes Sold in September (Increased by 1 homes from August).

Stuart FL 34996 Residential Market Report September 2016

The 34996 zip code area of the Stuart Florida residential real estate market is showing some weakness for this summer as the inventory has risen and sales have not increased accordingly.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September increased to 12.4 months as compared to August’s 12 months.  The second month in a row as a buyers’ 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 7 month absorption rate.

The numbers for September of 2015 were: 136 active listings, 27 pending sales and 12 closed sales.  Similar activity as compared to September of last year though with a considerably higher inventory of available Stuart homes for sale.

Stuart FL 34996 Residential Market Report September 2016

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

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report September 2016

Stuart FL 34996 Condo Market Report August 2016

Stuart FL 34996 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2016

For August 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Down by 2 condos last month).

Stuart FL 34996 Condo Market Report August 2016

33 Condo sales are pending and awaiting close or lender approval (Unchanged from July).

Stuart FL 34996 Condo Market Report August 2016

16 Condos Sold in August (Unchanged from July) 

Stuart FL 34996 Condo Market Report August 2016

The Stuart FL 34996 Condo Market of Stuart continues showing some weakness.  There was no change in sales or pending sales from last month with only a minor drop in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 inched down slightly to 7.4 months from July’s 7.5 months.  Continuing a second month of being sellers’ market for this segment of Stuart FL condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2015 were: 78 active listings, 53 pending sales and 20 closed sales.  A significant increase in available condos for sale as compared to last August while also having considerably less closed and pending sales.

Stuart FL 34996 Condo Market Report August 2016

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report August 2016

Stuart FL 34996 Residential Market Report August 2016

Stuart FL 34996 Residential Market Report August 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2016

For August 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 144 active listings (Down by 7 homes from July).

Stuart FL 34996 Residential Market Report August 2016

32 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from July).

Stuart FL 34996 Residential Market Report August 2016

12 Homes Sold in August (Decreased by 12 homes from July).

Stuart FL 34996 Residential Market Report August 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed decreasing sales activity for the month of August.  Pending sales did increase slightly, so hopefully closed sales will make a comeback in the coming months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August increased to 12 months as compared to July’s 6.3 months.  Moved into a buyers’ 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 7 month absorption rate.

The numbers for August of 2015 were: 139 active listings, 32 pending sales and 14 closed sales.  Similar results as compared to August of last year with a slightly higher inventory of available Stuart homes for sale.

Stuart FL 34996 Residential Market Report August 2016

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

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report August 2016

Stuart FL 34996 Condo Market Report July 2016

Stuart FL 34996 Condo Market Report July 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2016

For July 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Up by 46 condos last month).

Stuart FL 34996 Condo Market Report July 2016

33 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from June).

Stuart FL 34996 Condo Market Report July 2016

16 Condos Sold in July (Decreased by 5 condos from June) 

Stuart FL 34996 Condo Market Report July 2016

The Stuart FL 34996 Condo Market of Stuart regained the lost inventory from last month while showing a little weakness in closed sales.  This is not uncommon for the summer months for Florida condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 7.5 months from June’s 3.5 months.  Into a slight sellers’ market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2015 were: 92 active listings, 42 pending sales and 16 closed sales.  An equal number of closed sales from last year though we have less pending sales on a larger inventory of condos for this year..

Stuart FL 34996 Condo Market Report July 2016

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report July 2016

Stuart FL 34996 Residential Market Report July 2016

Stuart FL 34996 Residential Market Report July 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2016

For July 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 151 active listings (Down by 7 homes from June).

Stuart FL 34996 Residential Market Report July 2016

27 Residential sales are pending and awaiting close or lender approval (Down by 16 homes from June).

Stuart FL 34996 Residential Market Report July 2016

24 Homes Sold in July (Decreased by 2 homes from June).

Stuart FL 34996 Residential Market Report July 2016

The 34996 zip code area of the Stuart Florida residential real estate market continues to be a strong market.  Just a bit weaker than last month, but still slid and an improvement from last year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July increased to 6.3 months as compared to June’s 6.1 months.  Still basically a balanced 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 7 month absorption rate.

The numbers for July of 2015 were: 135 active listings, 34 pending sales and 11 closed sales.  We have a greater inventory this year along with increased market activity.

Stuart FL 34996 Residential Market Report July 2016

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

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report July 2016