Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2014

For April, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Increased by 5 condos from March).

56 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

23 Condos Sold in April (Up by 10 condos from March).

All movement in the Stuart Condo market in zip code 34994 was positive.  One of the few segments of Martin County with such strong numbers as well as an increase in inventory.

The one month absorption rate dropped to 5  months compared to last month’s 8.5.  Back once again 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 April the numbers were 118 active listings, 43 pending sales, and 28 closed sales.   Another equally strong April for the 34994 condo market of Stuart FL.

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2014

For March, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Decreased by 19 condos from February).

55 Condo sales are pending and awaiting close or lender approval. (Up by 15 condos from last month) 

13 Condos Sold in March (Down by 4 condos from February).

The Stuart Condo market in zip code 34994 had fewer closed sales for march than last month, however pending sales showed a nice jump which should result in some strong closed activity for the coming months.  Inventory, unfortunately dropped and is getting pretty slim in the way of available condos for buyers in the 34994 zip code area of Stuart.

The one month absorption rate rose to 8.5  months compared to last month’s 7.6.  Still a buyers market market for the 34994 zip code condo market of Stuart FL.  Though I expect this to change in the coming months.  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 127 active listings, 57 pending sales, and 13 closed sales.   Quite similar to last years numbers even though inventory is less at present.