There are currently 40 active condo listings (Down by 8 condos from August).

21 Condo sales are pending and awaiting close (Up by 1 condo from August).

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

      The Stuart FL condo market for zip code 34997 remains quite active and is one of the strongest performers in the Stuart condo market.  Sales and pending sales both rose this month while the inventory declined.

     The absorption rate dropped to 3.6 months in September compared to 6.9 months for August.  Transitioning back into a seller’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The September 2018 numbers were: 42 active listings, 16 pending sales, and 16 closed sales.  Stronersales volume last year, though this is still a very hot segment of the Stuart condo market.

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There are currently 48 active condo listings (Up by 4 condos from July).

20 Condo sales are pending and awaiting close (Unchanged from July).

7 Condos Sold in August (Down by 9 condos from July).

      The Stuart FL condo market for zip code 34997 indicated a slower-paced sales activity for August when compared to last month.  Probably into a more sustainable real estate market as compared to the superheated activity of last month.

     The absorption rate climbed to 6.9 months in August compared to 2.8 months for July.  Transitioning back into a balanced market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The August 2018 numbers were: 36 active listings, 25 pending sales, and 12 closed sales.  Considerably more active sales activity last year for this condo segment in Stuart FL

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For July 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 12 condos from June).

20 Condo sales are pending and awaiting close (Up by 5 condos from June).

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

      The Stuart FL condo market for zip code 34997 picked up considerably from last month and is a very active condo real estate market.

     The absorption rate plunged to 2.8 months in July compared to 5.1 months for June.  Back into a very strong seller’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The July 2018 numbers were: 44 active listings, 21 pending sales, and 17 closed sales.  Very similar to the July 2018 condo activity for the 34997 zip code area of Martin County.

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For June 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Up by 4 condos from May).

15 Condo sales are pending and awaiting close (Down by 18 condos from May).

11 Condos Sold in June (Down by 8 condos from May).

      The Stuart FL condo market for zip code 34997 continues to be active but it did slow down from the past few months.

     The absorption rate increased to 5.1 months in June compared to 2.7 months for May.  Continuing as a seller’s market for condos in the 34997 zip code of Stuart FL, but approaching a balanced market.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The June 2018 numbers were: 50 active listings, 26 pending sales, and 18 closed sales.  There was better sales and pending sales volume last year.

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For May 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 52 active condo listings (Down by 6 condos from April).

33 Condo sales are pending and awaiting close (Up by 3 condos from April).

19 Condos Sold in May (Up by 1 condo from April).

      The Stuart FL condo market for zip code 34997 continues to show very strong sales activity compared to the previous months as well as last year.

     The absorption rate dropped to 2.7 months in May compared to 3.2 months for April.  Continuing as an even stronger seller’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The May 2018 numbers were: 50 active listings, 26 pending sales, and 17 closed sales.  Continuing stronger sales volume year to year in this segment of the Stuart condo real estate market.

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For April 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Unchanged from March).

30 Condo sales are pending and awaiting close (Down by 4 condos from March).

18 Condos Sold in April (Up by 3 condos from March).

      The Stuart FL condo market for zip code 34997 continues to show very strong sales activity compared to the previous months as well as last year.

     The absorption rate dropped to 3.2 months in April compared to 3.9 months for March.  Continuing as a strong seller’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The April 2018 numbers were: 57 active listings, 19 pending sales, and 9 closed sales.  Considerably stronger activity this year when compared to April 2018.

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For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Down by 7 condos from February).

34 Condo sales are pending and awaiting close (Up by 17 condos from February).

15 Condos Sold in March (Up by 5 condos from February).

      The Stuart FL condo market for zip code 34997 came back strong for March after a few months of weaker activity.

     The absorption rate plunged to 3.9 months in March compared to 6.5 months for February.  Transitioning into a very strong seller’s market after one month as a balanced market and a previous month as a buyer’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The March 2018 numbers were: 56 active listings, 23 pending sales, and 22 closed sales.  Stronger closed sales volume last year while we had better ending numbers this year.

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For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 65 active condo listings (Up by 5 condos from January).

17 Condo sales are pending and awaiting close (Down by 2 condos from January).

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

      The Stuart FL condo market for zip code 34997 rebounded from very weak sales activity last month.  Pending sales were off slightly and the inventory continues to rise.

     The absorption rate rose to 6.5 months in February compared to 12 months for January.  Transitioning into a balanced market after an unusual month as a buyer’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The February 2018 numbers were: 54 active listings, 32 pending sales, and 17 closed sales.  There was much stronger activity last year with a smaller number of condos for sale.

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For January 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 60 active condo listings (Up by 11 condos from December).

19 Condo sales are pending and awaiting close (Up by 11 condos from December).

5 Condos Sold in January (Down by 14 condos from December).

      The Stuart FL condo market for zip code 34997 had a needed increase in inventory but sales dropped off significantly Pending sales improved which should help closed sales in the coming months.

     The absorption rate rose to 12 months in January compared to 2.6 months for December.  Transitioning into a buyer’s market for the first time in some time in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The January 2017 numbers were: 56 active listings, 35 pending sales, and 8 closed sales.  Better activity in the 34997 zip code section of Stuart condos last year.

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