Stuart FL 34994 Condo Market Report May 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2016

For May 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Down by 14 condos from April).

43 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 

18 Condos Sold in May (Down by 1 condos from April).

The Stuart FL 34994 Condo market had a large increase in pending sales for May while closed sales were only down by one condo.  This should result in strong closed activity for the coming few months.  Unfortunately the active inventory took a significant drop.

The one month absorption rate increased to 4.6 months compared to last month’s 5.1.   Dropping into an even stronger sellers’ market for the 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 May the numbers were 91 active listings, 38 pending sales, and 19 closed sales.   Very similar activity to last year.  Though we could use a bit more inventory as it’s down significantly from 2015.

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Stuart FL 34994 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2016

For April 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 97 active condo listings (Up by 1 condos from March).

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

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

The Stuart FL 34994 Condo market showed some small gains in volume for April and continues to show strong real estate market activity.

The one month absorption rate increased to 5.1 months compared to last month’s 6.4.   Back, once again, into a sellers market for condos in 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 April the numbers were 93 active listings, 40 pending sales, and 19 closed sales.   Similar volumes when compared to last year’s April numbers, though pending sales were better last year.

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Stuart FL 34994 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2016

For March 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 96 active condo listings (Up by 5 condos from February).

38 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

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

The Stuart FL 34994 Condo market increased inventory while not increasing closed sales for march of 2016.  Pending sales rose which should be a good indication of increased future closed sales.

The one month absorption rate increased to 6.4 months compared to last month’s 4.6.   Currently a balanced market for condos in 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 March the numbers were 95 active listings, 46 pending sales, and 15 closed sales.   Similar volume as last year, though pending sales are somewhat less for 2016.

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Stuart FL 34994 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2016

For February 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (down by 11 condos from January).

32 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from last month) 

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

The Stuart FL 34994 Condo market picked up steam for the second month of 2016 with strong activity in all areas.  Increases in both sales and pending sales, though down in inventory.

The one month absorption rate increased to 4.6 months compared to last month’s 6.8.   Back into a strong sellers market after last months’ 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 February the numbers were 95 active listings, 45 pending sales, and 12 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

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