Sewalls Point Residential Market Report December 2012

01.26.13 by

Sewalls Point Residential Market Report December 2012

Sewalls Point Real Estate Snapshot, Residential Sales for December 2012

 

There are currently 36 active listings (a decrease of 5 home for sale from November)

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8 Residential sales are pending and awaiting close or lender approval (a decrease of 2 homes from November)

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6 Homes sold in November (Down 2 from November)

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A bit of a slow down in activity for the Sewalls Point market report for December 2012.  Some of this is due to slower activity during the holiday season and also some due to the decrease in inventory.  Now only 36 homes available.  This is approaching historic low levels for Sewalls Point.

The absorption rate now stands at 6 months.  This is an indication of a balanced market.  Neither seller nor buyer have an advantage in a balanced market. 

Comparing the results to December of 2011, the inventory was at 58 homes homes on the market last year, pending sales numbered only 8  homes, and there was only 5 sales.  Considering the inventory is 22 homes less this year, the December 2012 activity was pretty stron compared to last year.

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Sewalls Point Market Report – Residential, December 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

01.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2012

 

For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Unchanged from November)

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10 Condo sales are pending and awaiting close or lender approval. (No change from November)

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  2 Condos sold in December (An increase of 1 condo from November)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  December showed very little change from last month (which showed very little change from the previous months as well).  In fact the only change was an increase to 2 closed sales from 1 the previous month.

The one month absorption rate is up to 13 months, signifying that it’s still a buyers market.  But this will almost certainly change in the coming months.   Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The December 2011 numbers were:  37 active listings, 7 pending sales and 5 closed sales.  Not quite as robust as last year even when factoring in the smaller inventory of available homes.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

01.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2012

 

For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 293 active listings. ( A decrease of 8 homes from November)

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84 Residential sales are pending and awaiting close or lender approval (A decrease of 12 homes from November)

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45 Homes Sold in December (An increase of 16 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  A large jump in closed sales closed out 2012.  A decrease in pending sales which is not unexpected as holiday traffic is generally lighter than most other months.  The inventory also continued it’s decrease which is becoming troubling as the number of available home for sales is quite low.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.5 months.  Now an almost balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2011 were:  330 active listings, 58 pending sales and 28 closed sales.   We continue to have considerably improved activity as compared to last year.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

01.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2012

 

For December 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 65 active listings. ( An increase of 9 condos from November)

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17 Condo sales are pending and awaiting close or lender approval. (Up 1 condo from November)

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5 Condos Sold (Decreased by 3 condos from November)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  For the past two months there has been a significant jump in available inventory.  Up by more than 50%.  Unfortunately neither closed or pending sales have kept up with this rise as sales were off by 2 condos and pending sales rose by only one.  It remains to be seen if the increased inventory will find it’s ay to completed sales as buyers come into the winter market.

The one month absorption rate for the December 2012, Jensen Beach Florida Market Report ZIP Code 34957 is 13 months.  A strong buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The December 2011 numbers were: 65 active listings, 11 pending sales and 6 condos closed.  Very similar numbers to this year.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

01.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2012

 For December 2012in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 113 active listings. (Up 2 homes from last month)

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52 Residential sales are pending and awaiting close or lender approval. (Down 21 homes from November)

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26 Homes Sold (Up 3 homes from November)

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The Jensen Beach residential real estate market, zip code 34957 for December showed a marked decrease in pending activity.  This is a typical result for the holidays as the traffic is generally lower.  Closed sales were up slightly and the inventory was also up slightly.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.3 months. This is a market that favors sellers over buyers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The December 2011 numbers were: 279 active listings, 75 pending sales and 25 home sales closed.  Considering the reduced inventory, the Jensen Beach real estate market activity is doing quite well.
 

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

01.19.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2012

 

For December 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (An increase of 2 condos from November)

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8 Condo sales are pending and awaiting close or lender approval. (Down 2 condos from last month)

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3 Condos Sold in December. (Down 2 sales for November)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For December, sales were off to 3 closed, from 5 the previous month. Pending sales were also off slightly.  The inventory of available condos for sale has taken another small increase for the second month in a row.
 
The current absorption rate for condos in the 34990 zip code area is 21 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The December 2011 numbers were: 65 active listings, 3 pending sales and 1 closed sales.   Better activity this year as compared to the end of 2011.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

01.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2012

 

For December 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 398 active listings (A decrease of 6 homes from November)

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129 Residential sales are pending and awaiting close or lender approval. (A decrease of 7 homes from last month)

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45 Homes Sold in December (Decreased by 11 homes from November)

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For the Palm City, zip code 34990, area of Martin County Florida, the real estate activity slowed somewhat for the end of the year.  Both pending and closed sales were off slightly.  The inventory continued to decline as well.   I’m expecting the inventory to rise some with the new year as the current numbers are getting quite low.  If prices continue to increase, many underwater owners will be able to sell their homes with a little profit.
 

The current absorption rate stands at 8.8 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2011 numbers were:  478 active listings, 114 pending sales and 57 closed sales.  We are seeing the signs of a reduced inventory for the end of 2012 with a decreased number of closed sales.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

01.16.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

For December 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (Increase of 1 condo form November).

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12 Condo sales are pending and awaiting close or lender approval (Down 9 from November).

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10 Condos Sold in December (An increase of 3 condos from November).

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The Stuart condo market for the area in ZIP code 34997 had a fairly slow December to end 2012.  The largest change from November was a sizable drop in pending sales.  This is typical for a December as the real estate traffic is typically slow during the Christmas season.  I am a little surprised that the closed sales numbers weren’t better at years end.

The one month absorption rate is at  9.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller.

The December 2011 numbers were: 106 active listings, 21 pending sales and 15 closed sales.  Compared to December of 2011, this year’s market activity was a bit softer. 

 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

01.15.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2012

 

There are currently 336 active listings (a decrease of 23 homes from November).

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164 Residential sales are pending and awaiting close or lender approval (A decrease of 27 homes from November).

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62 Homes Sold in December (Up 18 homes from November)

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The Stuart Florida Market Report ZIP Code 34997 finished 2012 with a strong 62 homes closed.  Pending sales were off which is not unexpected as traffic during the holiday season is typically lighter than normal.  Somewhat troubling though, is the inventory of available homes decreased by 23 homes and is very low.  I’m hoping to see this number rise as we get into the new year.  Should it stay low, we’ll see reduced activity for next year because of a lack of inventory.
 
The current one month absorption rate is at 5.4 months which indicates a slight sellers advantage for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 522 active listings, 176 pending listings and 78 closed sales.  The most striking number from last year is the difference in inventory of available homes for sale.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012

01.13.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2012

For December 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 216 active condo listings (Up 7 from last month).

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29 Condo sales are pending and awaiting close or lender approval (An increase of 3 condos from November).

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14 Condos Sold in December (Up by 2 from November)

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The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity along with the second straight month of increasing inventory.  Pending sales were up slightly which is unusual for December, which is typically a month with reduced traffic because of the holidays.  Sales were also up, though I was expecting a bit stronger closed activity to finish the year.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 15.4 months.  Still indicating a strong buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for December 2011 were: 226 active listings, 19 pending sales and 12 closed sales.  Very similar numbers to this year with the exception of a significantly higher pending sales numbers.

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Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

01.12.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2012

 

For December, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 151 active listings (Down 6 homes from November).

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23 Residential sales are pending and awaiting close or lender approval (No change from November).

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11 Homes Sold in December (Same as November).

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Other than a small decrease in inventory, there was no change in he 34996 zip code area of Stuart Florida real estate market activity for December 2012.  Pending and Sold activity was unchanged.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December is 13.7 months, which represents a buyer’s market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for December of 2011 were: 179 active listings, 24 pending sales and 10 closed sales.  Other than the inventory, very similar activity this year when compared to last year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012

01.11.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2012

For December, 2012 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 153 active condo listings (Unchanged from November).

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35 Condo sales are pending and awaiting close or lender approval. (Down 7 condos from last month)

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14 Condos Sold in December (An increase of 3 condos from November).

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After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we passed the holidays.  The bright note is that end of year bargain hunters closed on 14 condos an increase from the previous prices.  All were in the under $100,000 price range.  The inventory remained unchanged while pending sales were off.  An expected result as there is typically considerably reduced traffic during the holidays. 

The one month absorption rate is at 11 months, which still signifies a buyers 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 December the numbers were 153 active listings, 35 pending sales, and 13 closed sales.  Almost identical to this years activity.

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2012

12.27.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2012

 

For November 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Down 3 from October)

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10 Condo sales are pending and awaiting close or lender approval. (An increase of 3 condos from October)

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  1 Condos sold in November (A decrease of 1 condo from October)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  November showed very little change from last month (which showed very little change from August).  There was only one closed sale, while pending sales were up to 10 indicating a better potential for future closed sales.

The one month absorption rate is up to 26 months, signifying that it’s still a buyers market.  But this will almost certainly change in the coming months.   Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The November 2011 numbers were:  40 active listings, 6 pending sales and no closed sales.  Even in this small slower market segment, we’re still seeing improved activity from last year.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2012

12.26.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2012

 

For November 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 301 active listings. ( An increase of 1 home from October)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 17 homes from October)

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29 Homes Sold in November (An increase of 3 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  Inventory remained basically unchanged while we had increases in both pending and closed sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 10.4 months from last month’s 11.5 months.  While still a buyer’s market, it’s considerably closer to a balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2011 were:  316 active listings, 71 pending sales and 15 closed sales.   We continue to have considerably improved activity as compared to last year.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2012

12.24.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2012

 

For November 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 56 active listings. ( A a large jump of 27 condos from October)

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16 Condo sales are pending and awaiting close or lender approval. (Down 6 condos from October)

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8 Condos Sold (Unchanged from October)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The most significant statistic for the November 2012 market in Jensen Beach condos in zip code 34957 is the large jump in inventory.  Pending sales were down and closed sales remained unchanged for November.  With such small inventory, as well as the holidays approaching, I’m not expecting too much movement in the next month or so, but with increasing inventory, we’ll probably se some more activity.

The one month absorption rate for the November 2012, Jensen Beach Florida Market Report ZIP Code 34957 is 7 months.  A slight buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The November 2011 numbers were: 59 active listings, 12 pending sales and 2 condos closed.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2012

12.23.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2012

 For November 2012in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 111 active listings. (Up 2 homes from last month)

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73 Residential sales are pending and awaiting close or lender approval. (Down 1 homes from October)

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23 Homes Sold (Down 1 home from October)

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The Jensen Beach residential real estate market, zip code 34957 for November remained mostly unchanged from October, with only a slight drop in activity levels.  Two additional homes in the active inventory while 1 less pending and closed sale were the November 2012 results.  This is a small market for the Jensen beach area of Martin County, yet it remains highly desirable with the highest absorption rate in the county.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.8 months.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The November 2011 numbers were: 152 active listings, 80 pending sales and 16 home sales closed.  Even with significantly less inventory, much better sales figures for November 2012.
 

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, November 2012

12.21.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, November 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2012

For November 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (An increase of 2 condos from October)

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

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5 Condos Sold in November. (Up 5 from 0 sales for October)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For November, there were five condos sold, considerable improvement over the previous month which had no sales for condos in Palm City.  Both the available inventory and pending sales increased slightly for November.
 
The current absorption rate for condos in the 34990 zip code area is 12.2 months.  Still a strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The November 2011 numbers were: 60 active listings, 3 pending sales and 1 closed sales.   Inventory is the same as last year.  Pending and closed sales are both improved for 2012.

 

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, November 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, November 2012

12.20.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, November 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2012

 

For November 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 404 active listings (A decrease of 16 homes from October)

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136 Residential sales are pending and awaiting close or lender approval. (A decrease of 14 homes from last month)

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56 Homes Sold in November (Increased by 7 homes from October)

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For the Palm City, zip code 34990, area of Martin County Florida, another strong month during traditionally slow months.  Closed sales increased by 7.  The inventory of available homes for sale also decreased after an increase last month.  Pending sales were off by a bit and we expect some slower market activity for the next few months as we approach the holidays.

The current absorption rate stands at 7.2 months. Considerably better than it’s been in quite a while.  This is a slight buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2011 numbers were:  468 active listings, 144 pending sales and 36 closed sales.  Better numbers for closed sales as compared to  last November, especially when factoring in the lower inventory for this year.  Slightly less pending activity, though.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, November 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, November 2012

12.19.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, November 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2012

 

For November 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 97 active condo listings (No change form October).

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21 Condo sales are pending and awaiting close or lender approval (No change from October).

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7 Condos Sold in November (An increase of 1 condo from October).

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Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a fairly slow second month in a row for November.  Basically unchanged from October, with only minor variations.  With the holidays coming up, we’re not expecting any major movement in the Stuart condo market.  Possibly an increase in inventory as often condo owners will try to time the market for the winter and spring season when activity tends to be a bit higher.

The one month absorption rate is at  13.9 months, indicating a continued strong buyers market.

The November 2011 numbers were: 119 active listings, 24 pending sales and 5 closed sales.  No significant changes from last year with the exception of a reduced inventory of approximately 20%.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2012

12.18.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2012

 

There are currently 359 active listings (a decrease of 1 homes from October).

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191 Residential sales are pending and awaiting close or lender approval (An increase of 2 homes from October).

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44 Homes Sold in November (Down 7 homes from October)

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The 34997 zip code area of Stuart Florida continue to show strong numbers. The inventory basically remained unchanged while pending sales (an indication of future closed  sales) remained strong, rising by 2 homes.  Closed sales were were off by seven homes, but these results are still strong during our off season.
 
The current one month absorption rate is at 8.1 months, very close to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 527 active listings, 198 pending listings and 42 closed sales.  Considering the amount of inventory being significantly lower this year, it’s very impressive how ell this segment of the Stuart real estate market continues to perform.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, November 2012