Stuart FL 34997 Condo Market Report December 2018

Stuart FL 34997 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2018

8 Condo sales are pending and awaiting close (Down by 14 condos from November).

Stuart FL 34997 Condo Market Report December 2018

19 Condos Sold in December (Up by 11 condos from November).

Stuart FL 34997 Condo Market Report December 2018

      The Stuart FL condo market for zip code 34997 reaminsinventory challenged but had a good number of closed sales.  Pending sales took an unexpected drop and may affect closed sales in the coming months.

     The absorption rate rose to 2.6 months in December compared to 5.5 months for November.  Remaining in an extreme seller’s market at this time for 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 December 2017 numbers were: 57 active listings, 17 pending sales, and 19 closed sales.  The same number of closed sales when compared to last year on a reduced inventory, but a greatly reduced number of pending sales.

Stuart FL 34997 Condo Market Report December 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report December 2018

 

 

Stuart FL 34997 Residential Market Report December 2018

Stuart FL 34997 Residential Market Report December 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 341 active listings (Increased by 19 homes from November).

Stuart FL 34997 Residential Market Report December 2018

93 Residential sales are pending and awaiting close or lender approval (Down by 33 homes from November).

Stuart FL 34997 Residential Market Report December 2018

70 Homes Sold in December (Increased by 9 homes from November)

Stuart FL 34997 Residential Market Report December 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had an increase in closed sales for December but also an unexpected large decrease in pending sales which may affect closed sales in the near future.
     The absorption rate dipped to 4.9 months (was 5.3 months for November).  Still in a seller’s market for the 34997 zip code area of Stuart for December 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for December, were: 275 active listings, 121 pending listings, and 81 closed sales.  Even with a greater number of available homes for sale, activity was greater last year.
Stuart FL 34997 Residential Market Report December 2018

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Stuart FL 34997 Residential Market Report December 2018

 

Stuart FL 34997 Condo Market Report November 2018

Stuart FL 34997 Condo Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2018

For November 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2018

22 Condo sales are pending and awaiting close (Up by 4 condos from October).

Stuart FL 34997 Condo Market Report November 2018

8 Condos Sold in November (Down by 8 condos from October).

Stuart FL 34997 Condo Market Report November 2018

      The Stuart FL condo market for zip code 34997 had lower inventory this month but also weaker closed sales.  Though, there was an increase in pending sales.

     The absorption rate rose to 5.5 months in November compared to 3.1 months for October.  Drifting closer to a balanced market for 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 November 2017 numbers were: 49 active listings, 30 pending sales, and 10 closed sales.  Better activity last year.

Stuart FL 34997 Condo Market Report November 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report November 2018

 

 

Stuart FL 34997 Residential Market Report November 2018

Stuart FL 34997 Residential Market Report November 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2018

For November 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 322 active listings (Increased by 6 homes from October).

Stuart FL 34997 Residential Market Report November 2018

126 Residential sales are pending and awaiting close or lender approval (Up by 3 homes from October).

Stuart FL 34997 Residential Market Report November 2018

61 Homes Sold in November (Decreased by 2 homes from October)

Stuart FL 34997 Residential Market Report November 2018

      The Stuart Florida Residential Market for ZIP Code 34997 showed reduced activity from last month and an increase in inventory.
     The absorption rate rose to 5.3 months (was 5.0 months for October).  Still a seller’s market for the 34997 zip code area of Stuart for November 2018 but trending towards a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for November, were: 285 active listings, 138 pending listings, and 70 closed sales.  Better activity last year on a reduced number of homes for sale.
Stuart FL 34997 Residential Market Report November 2018

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Stuart FL 34997 Residential Market Report November 2018

 

Stuart FL 34997 Condo Market Report October 2018

Stuart FL 34997 Condo Market Report October 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2018

For October 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Up by 7 condos from September).

Stuart FL 34997 Condo Market Report October 2018

18 Condo sales are pending and awaiting close (Up by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2018

16 Condos Sold in October (Unchanged from September).

Stuart FL 34997 Condo Market Report October 2018

      The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels. Though there was a small rise this month.  Pending sales were up slightly while closed sales remained unchanged for October.

     The absorption rate rose to 3.1 months in October compared to 2.6 months for September.  Staying in a strong seller’s market for 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 October 2017 numbers were: 53 active listings, 25 pending sales, and 10 closed sales.  Better closed sales this year while there were more pending sales last year.

Stuart FL 34997 Condo Market Report October 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report October 2018

 

 

Stuart FL 34997 Residential Market Report October 2018

Stuart FL 34997 Residential Market Report October 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2018

For October 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 316 active listings (Increased by 27 homes from September).

Stuart FL 34997 Residential Market Report October 2018

123 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34997 Residential Market Report October 2018

63 Homes Sold in October (Decreased by 23 homes from September)

Stuart FL 34997 Residential Market Report October 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains a strong market.  For October there was a second month of rising inventory while the pending sales numbers remained unchanged.  Closed sales were down when compared to last month.
     The absorption rate rose to 5.0 months (was 3.4 months for September).  Still a seller’s market for the 34997 zip code area of Stuart for October 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for October, were: 291 active listings, 131 pending listings, and 68 closed sales.  Better sales activity this year with better pending activity last year.
Stuart FL 34997 Residential Market Report October 2018

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Stuart FL 34997 Residential Market Report October 2018

 

Stuart FL 34997 Condo Market Report September 2018

Stuart FL 34997 Condo Market Report September 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2018

For September 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 42 active condo listings (Up by 6 condos from August).

Stuart FL 34997 Condo Market Report September 2018

16 Condo sales are pending and awaiting close (Down by 9 condos from August).

Stuart FL 34997 Condo Market Report September 2018

16 Condos Sold in September (Increased by 4 condos from August).

Stuart FL 34997 Condo Market Report September 2018

      The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels.  Pending sales were down while closed sales were up for September.

     The absorption rate returned to 2.6 months in September compared to 3.0 months for August.  Remaining as a strong seller’s market for 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 2017 numbers were: 49 active listings, 18 pending sales, and 13 closed sales.  Pretty similar market activity as last year.

Stuart FL 34997 Condo Market Report September 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report September 2018

 

 

Stuart FL 34997 Residential Market Report September 2018

Stuart FL 34997 Residential Market Report September 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2018

For September 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 289 active listings (Increased by 27 homes from August).

Stuart FL 34997 Residential Market Report September 2018

123 Residential sales are pending and awaiting close or lender approval (Decreased by 14 homes from August).

Stuart FL 34997 Residential Market Report September 2018

86 Homes Sold in September (Decreased by 2 homes from August)

Stuart FL 34997 Residential Market Report September 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains a very strong market.  For September we saw a decrease in both closed and pending sales as well as an increase in inventory.
     The absorption rate edged up to 3.4 months (was 3.0 months for August).  Still a strong seller’s market for the 34997 zip code area of Stuart for September 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for September, were: 274 active listings, 130 pending listings, and 68 closed sales.  Better sales activity this year with better pending activity last year.
Stuart FL 34997 Residential Market Report September 2018

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Stuart FL 34997 Residential Market Report September 2018

 

Stuart FL 34997 Condo Market Report August 2018

Stuart FL 34997 Condo Market Report August 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2018

For August 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 36 active condo listings (Down by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2018

25 Condo sales are pending and awaiting close (Up by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2018

12 Condos Sold in August (Decreased by 5 condos from July).

Stuart FL 34997 Condo Market Report August 2018

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.  Surprisingly, both pending and closed sales remain quite strong considering the low inventory.

     The absorption rate rose to 3.0 months in August compared to 2.6 months for July.  Remaining as a strong seller’s market for 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 2017 numbers were: 44 active listings, 23 pending sales, and 17 closed sales.  Better sales activity last year but with greater inventory.

Stuart FL 34997 Condo Market Report August 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report August 2018

 

 

Stuart FL 34997 Residential Market Report August 2018

Stuart FL 34997 Residential Market Report August 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2018

For August 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 262 active listings (Increased by 4 homes from July).

Stuart FL 34997 Residential Market Report August 2018

137 Residential sales are pending and awaiting close or lender approval (Decreased by 27 homes from July).

Stuart FL 34997 Residential Market Report August 2018

88 Homes Sold in August (Increased by 8 homes from July)

Stuart FL 34997 Residential Market Report August 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales.  Pending sales were off significantly this month.  This may result in some lower closed sales volume in the coming months. The inventory remained relatively steady for this month after numerous months of decreases in the number of available homes for sale.
     The absorption rate dropped slightly to 3.0 months (was 3.2 months for July).  Remaining as a very strong seller’s market for the 34997 zip code area of Stuart for August 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for August, were: 291 active listings, 141 pending listings, and 86 closed sales.  Other than significantly lower inventory the closed and pending sales volume is quite similar to last year.
Stuart FL 34997 Residential Market Report August 2018

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Stuart FL 34997 Residential Market Report August 2018

 

Stuart FL 34997 Condo Market Report July 2018

Stuart FL 34997 Condo Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2018

For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2018

21 Condo sales are pending and awaiting close (Down by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2018

17 Condos Sold in July (Decreased by 1 condos from June).

Stuart FL 34997 Condo Market Report July 2018

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.

     The absorption rate inched down to 2.6 months in July compared to 2.8 months for June.  Remaining as a strong seller’s market for 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 2017 numbers were: 61 active listings, 32 pending sales, and 25 closed sales.  Considerably better activity last year.

Stuart FL 34997 Condo Market Report July 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report July 2018

 

 

Stuart FL 34997 Residential Market Report July 2018

Stuart FL 34997 Residential Market Report July 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2018

For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 258 active listings (Decreased by 5 homes from June).

Stuart FL 34997 Residential Market Report July 2018

164 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from June).

Stuart FL 34997 Residential Market Report July 2018

80 Homes Sold in July (Decreased by 14 homes from June)

Stuart FL 34997 Residential Market Report July 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales.  Pending sales were off this month which may result in some lower closed sales volume in the coming months. The inventory remained relatively steady for this month after numerous months of decreases in thenumber of available homes for sale.
     The absorption rate rose slightly to 3.2 months (was 2.8 months for June).  Remaing as a very strong seller’s market for the 34997 zip code area of Stuart for July 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for July, were: 292 active listings, 180 pending listings, and 84 closed sales.  Similar closed activity but a considerably reduced number of pending sales on a much lower inventory of available homes for sale.
Stuart FL 34997 Residential Market Report July 2018

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Stuart FL 34997 Residential Market Report July 2018

 

Stuart FL 34997 Condo Market Report June 2018

Stuart FL 34997 Condo Market Report June 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2018

For June 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Unchanged from May).

Stuart FL 34997 Condo Market Report June 2018

26 Condo sales are pending and awaiting close (Also unchanged from May).

Stuart FL 34997 Condo Market Report June 2018

18 Condos Sold in June (Increased by 1 condos from May).

Stuart FL 34997 Condo Market Report June 2018

      The Stuart FL condo market for zip code 34997 had identical activity to last month with the exception of one additional closed sale this month.

     The absorption rate inched down to 2.8 months in June compared to 2.9 months for May.  Remaining in a strong seller’s market for 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 June 2017 numbers were: 50 active listings, 33 pending sales, and 7 closed sales.  Better sales activity this year while the pending sales were a bit stronger last year.  The inventory remained unchanged from last year as well.

Stuart FL 34997 Condo Market Report June 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report June 2018

 

 

Stuart FL 34997 Residential Market Report June 2018

Stuart FL 34997 Residential Market Report June 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2018

For June 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 263 active listings (Increased by 4 homes from May).

Stuart FL 34997 Residential Market Report June 2018

149 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from May).

Stuart FL 34997 Residential Market Report June 2018

94 Homes Sold in June (Increased by 1 homes from May)

Stuart FL 34997 Residential Market Report June 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales and pending sales.  The inventory remained relatively steady for this month after numerous months of decreases in thenumber of available homes for sale.
     The absorption rate remained almost unchanged at 2.79 months (was 2.8 months for May).  Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for June 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for June, were: 261 active listings, 180 pending listings, and 87 closed sales. Slightly better sales volume for this June but also a smaller number of pending sales.
Stuart FL 34997 Residential Market Report June 2018

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Stuart FL 34997 Residential Market Report June 2018

 

Stuart FL 34997 Condo Market Report May 2018

Stuart FL 34997 Condo Market Report May 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2018

For May 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Down by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2018

26 Condo sales are pending and awaiting close or lender approval (Up by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2018

17 Condos Sold in May (Increased by 8 condos from April).

Stuart FL 34997 Condo Market Report May 2018

      The Stuart FL condo market for zip code 34997 showed strong activity for May.  Both pending and closed sales improved from last month, whilewe remain in great need of more condos available to purchase (inventory) in this area of Stuart FL.

     The absorption rate plunged to 2.9 months in May compared to 6.3 months for April.  Back into a strong seller’s market for 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 2017 numbers were: 61 active listings, 22 pending sales, and 37 closed sales.  Better sales activity last year even though pending sales were a bit stronger this year.  This is all with a reduced number of condos available for sale

Stuart FL 34997 Condo Market Report May 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report May 2018

 

 

Stuart FL 34997 Residential Market Report May 2018

Stuart FL 34997 Residential Market Report May 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2018

For May 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 259 active listings (Decreased by 17 homes from April).

Stuart FL 34997 Residential Market Report May 2018

156 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from April).

Stuart FL 34997 Residential Market Report May 2018

93 Homes Sold in May (Increased by 9 homes from April)

Stuart FL 34997 Residential Market Report May 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active.  There is strong sales and pending activity.  Unfortunately the number of homes available to purchase continues to decline and this will have an impact on future sales volume.
     The absorption rate decreased to 2.8 months (was 3.3 months for April).  Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for May 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for May, were: 291 active listings, 168 pending listings, and 104 closed sales. There was better activity last year, but this was with a considerably greater number of homes for sale (inventory).
Stuart FL 34997 Residential Market Report May 2018

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Stuart FL 34997 Residential Market Report May 2018

 

Stuart FL 34997 Condo Market Report April 2018

Stuart FL 34997 Condo Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2018

For April 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Up by 1 condos from March).

Stuart FL 34997 Condo Market Report April 2018

19 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2018

9 Condos Sold in April (Decreased by 11 condos from March).

Stuart FL 34997 Condo Market Report April 2018

      The Stuart FL condo market for zip code 34997 showed slower activity for April after a red-hot March.  Pending sales are off by quite a lot as were the closed sales.  In great need of more condos available for sale in this area of Stuart FL.

     The absorption rate jumped to 6.3 months in April compared to 2.4 months for March.  Back into a balanced market for 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 2017 numbers were: 70 active listings, 44 pending sales, and 5 closed sales.  Better closed activity this year even with a significantly reduced number of condos for sale.  The pending numbers are not as good.

Stuart FL 34997 Condo Market Report April 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report April 2018

 

 

Stuart FL 34997 Residential Market Report April 2018

Stuart FL 34997 Residential Market Report April 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2018

For April 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 276 active listings (Decreased by 21 homes from March).

Stuart FL 34997 Residential Market Report April 2018

166 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from March).

Stuart FL 34997 Residential Market Report April 2018

84 Homes Sold in April (Decreased by 8 homes from March)

Stuart FL 34997 Residential Market Report April 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active.  There is strong sales and pending activity.  The decrease in inventory is troubling for the future of the market with the potential for much higher prices potentially pricing many out of this market.
     The absorption rate was almost unchanged at 3.3 months (was 3.2 months for March).  Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for April 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for April, were: 330 active listings, 177 pending listings, and 80 closed sales. There’s considerably less inventory of available homes for sale this year.  The sales activity remains very strong even compared to last year.
Stuart FL 34997 Residential Market Report April 2018

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Stuart FL 34997 Residential Market Report April 2018

 

Stuart FL 34997 Condo Market Report March 2018

Stuart FL 34997 Condo Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2018

For March 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Up by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2018

23 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from February).

Stuart FL 34997 Condo Market Report March 2018

22 Condos Sold in March (Increased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2018

      The Stuart FL condo market for zip code 34997 has a very low inventory of available condos for sale yet is showing strong activity with what is available.

     The absorption rate dropped to 2.4 months in March compared to 3.2 months for February.  Back into a strong sellers’ market for 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 2017 numbers were: 75 active listings, 44 pending sales, and 18 closed sales.  Better closed activity this year even with a significantly reduced number of condos for sale..

Stuart FL 34997 Condo Market Report March 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report March 2018

 

 

Stuart FL 34997 Residential Market Report March 2018

Stuart FL 34997 Residential Market Report March 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2018

For March 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 297 active listings (Decreased by 10 homes from February).

Stuart FL 34997 Residential Market Report March 2018

164 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2018

92 Homes Sold in March (Increased by 27 homes from February)

Stuart FL 34997 Residential Market Report March 2018

      The Stuart Florida Residential Market for ZIP Code 34997 continues to show very strong sale activity.
     The absorption rate decreased to 3.2 months (was 4.7 months for February).  Into an even stronger seller’s market for the 34997 zip code area of Stuart for March 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for March, were: 332 active listings, 189 pending listings, and 94 closed sales.  Slightly greater activity last year but with a greater inventory of available homes for sale.
Stuart FL 34997 Residential Market Report March 2018

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Stuart FL 34997 Residential Market Report March 2018