Hobe Sound FL 33455 Residential Market Report May 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2019

  For May 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 225 active listings. (Down by 2 homes from April)

82 Residential sales are pending and awaiting close  (Down by 8 homes from April)

87 Homes Sold in May (Up by 40 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a surprisingly stong month for closed sales and continues to be a very active real estate market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 plunged to 2.6 months (It was 4.8 months in April).  Now an extreme seller’s market once again.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2018 were:  184 active listings, 92 pending sales, and 63 closed sales.  Much stronger closed sales volume this year along with a considerable greater number of Hobe Sound homes available for sale (inventory).

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Hobe Sound FL 33455 Residential Market Report April 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2019

  For April 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 227 active listings. (Down by 9 homes from March)

90 Residential sales are pending and awaiting close  (Down by 3 homes from March)

47 Homes Sold in April (Up by 12 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 did very well with an increase in the number of closed sales.  The inventory and pending sales were both off slightly.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.8 months (It was 6.7 months in March).  Transitioning back into a seller’s market after two months in a balanced one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2018 were:  185 active listings, 101 pending sales, and 52 closed sales.  There was a greater volume of both closed and pending sales last year even with a reduced number of homes for sale.

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Hobe Sound FL 33455 Residential Market Report March 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2019

  For March 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 236 active listings. (Down by 20 homes from February)

93 Residential sales are pending and awaiting close  (Up by 27 homes from February)

35 Homes Sold in March (Down by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice big jump in pending sales which should translate to strong sales in the coming months.  Unfortunately, closed sales were down slightly and there was a sizeable drop in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 6.7 months (It was 6.6 months in February).  Remaining in a balanced market for Hobe Sound residential real estate for a second month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2018 were:  194 active listings, 105 pending sales, and 45 closed sales.  Better all around activity last year with less inventory of available Hobe Sound homes for sale.

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