Palm City FL 34990 Residential Market Report August 2017
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2017
For August 2017 in the 34990 Zip Code area of Palm City Florida :
There are currently 346 active listings (Decreased by 52 homes from June)
128 Residential sales are pending and awaiting close or lender approval. (Down by 37 homes from last month)
95 Homes Sold in June (Down by 1 home from June)
The Palm City FL, zip code 34990 residential real estate market remains very active. For August there was a big drop in available homes for sale which also had an effect on reduced future sales (pending listings).
The monthly absorption rate declined to 3.6 months from 4.1 months in June. Still a seller’s market for the Palm City zip code 34990 area for residential sales. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The August 2016 numbers were: 391 active listings, 116 pending sales, and 68 closed sales. Stronger activity for this year with a fairly big decrease in inventory.
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Residential Properties
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- Residential Properties for Sale in Palm-City, Florida Between $0 – $500,000
- Residential Properties for Sale in Palm-City, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Palm-City, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Palm-City, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Palm-City, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Palm-City, Florida Between $2,500,000 – $3,000,000
- Residential Properties for Sale in Palm-City, Florida Between $5,000,000 – $5,500,000
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
