Stuart FL 34994 Condo Market Report August 2015

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

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

There are currently 76 active condo listings (Down by 7 condos from July).

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

14 Condos Sold in August (Down by 6 condos from July).

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  The low inventory levels is quite apparent and I’m hoping this will reverse in the coming months or at latest by early next year.

The one month absorption rate increased to 5.4 months compared to last month’s 4.2.  Still in a seller’s market, but headed towards 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 August the numbers were 105 active listings, 40 pending sales, and 22 closed sales.  Higher volume of sales and inventory last year.

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Stuart FL 34994 Condo Market Report July 2015

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

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

There are currently 83 active condo listings (Unchanged from June).

24 Condo sales are pending and awaiting close or lender approval. (Decreased by 10 condo from last month) 

20 Condos Sold in July (Down by 3 condos from June).

The Stuart FL 34994 Condo market showed strong activity for July 2015.  Inventory didn’t go down this month, which is really the only positive as sales slowed for the month.  Though still an active market especially since we are well into the slower months for condo sales.

The one month absorption rate increased to 4.2 months compared to last month’s 3.6.  Continuing as a seller’s 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 July the numbers were 118 active listings, 40 pending sales, and 25 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity in 2014, though the inventory was quite a bit larger as well.

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Stuart FL 34994 Condo Market Report June 2015

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

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

There are currently 83 active condo listings (Decreased by 8 condos from May).

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

23 Condos Sold in June (Up by 4 condos from May).

The Stuart FL 34994 Condo market showed strong activity for June 2015.  Slightly less inventory and pending sales for June, while closed sales were up slightly.  This segment of the market remains quite active.

The one month absorption rate decreased to 3.6 months compared to last month’s 4.8.  Continuing as a very strong seller’s 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 June the numbers were 111 active listings, 46 pending sales, and 23 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity last year.

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