Stuart FL 34996 Condo Market Report September 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2018

For September 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 100 active condo listings (Down by 2 condos from last month).

30 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from August).

22 Condos Sold in September (Up by 6 condos from August) 

The Stuart FL 34996 Condo Market of Stuart rebounded from a slow August.  Closed sales were up.  Unfortunately, pending sales were off.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.5 months from August’s 6.4 months. Back, once again, into a seller’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2017 were: 112 active listings, 33 pending sales, and 21 closed sales.  Quiesimilar activity when compared to last year.

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Stuart FL 34994 Condo Market Report September 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2018

For September 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 1 condos from August).

47 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month) 

20 Condos Sold in September (Up by 4 condos from August).

The Stuart FL 34994 Condo market remains as a very active market.  pending sales were down from last month and closed sales were up.

The absorption rate for September dropped to 3.8 months compared to last month’s 4.8.  Remaining in a strong seller’s market for this condo segment of Stuart’s 34994 zip code area but drifting towards a 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 September the numbers were 73 active listings, 22 pending sales, and 14 closed sales.  Much better activity for this month when compared to last year.

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Stuart, FL Real Estate

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