Stuart FL 34994 Condo Market Report January 2016

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

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

There are currently 102 active condo listings (Up by 9 condos from December).

28 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month) 

15 Condos Sold in January (Down by 2 condos from December).

The Stuart FL 34994 Condo market started the year with slower sales activity than the end of last year, but still better than this period from last year.  Nice to see a bit of an increase in inventory.  I hope this will continue.

The one month absorption rate increased to 6.8 months compared to last month’s 5.5.   Back into a balanced market.  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 January the numbers were 111 active listings, 35 pending sales, and 9 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

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Stuart FL 34994 Condo Market Report December 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2015

For December 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 93 active condo listings (Down by 3 condos from November).

29 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condos from last month) 

17 Condos Sold in December (Up by 4 condos from November).

The Stuart FL 34994 Condo made a nice comeback for December.  Somewhat surprising as we are not yet into the start of the peak seasonal condo market.  But, it’s welcome none the less.

The one month absorption rate dropped to 5.5 months compared to last month’s 7.4.   Back into a sellers market.  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 December the numbers were 95 active listings, 29 pending sales, and 10 closed sales.   Better activity this year with very similar inventory levels..

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Stuart FL 34994 Condo Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2015

For November 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 96 active condo listings (Up by 9 condos from October).

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

13 Condos Sold in November (Down by 2 condos from October).

The Stuart FL 34994 Condo market retreated a bit in November.  While this is not unexpected as we are into the off season for condos, it is still less than last year at this time.  Hopefully the increased inventory will result in some better activity as we come into the high season for condo activity.

The one month absorption rate increased to 7.4 months compared to last month’s 5.8.   Back into a buyers market.  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 November the numbers were 90 active listings, 27 pending sales, and 18 closed sales.   Our current inventory surpassed last years’ which is a positive sign.  Unfortunately closed and pending sales were not as strong as they were last year.

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