For October 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Up by 7 condos from September).

18 Condo sales are pending and awaiting close (Up by 2 condos from September).

16 Condos Sold in October (Unchanged from September).

      The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels. Though there was a small rise this month.  Pending sales were up slightly while closed sales remained unchanged for October.

     The absorption rate rose to 3.1 months in October compared to 2.6 months for September.  Staying in a strong seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The October 2017 numbers were: 53 active listings, 25 pending sales, and 10 closed sales.  Better closed sales this year while there were more pending sales last year.

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For September 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 42 active condo listings (Up by 6 condos from August).

16 Condo sales are pending and awaiting close (Down by 9 condos from August).

16 Condos Sold in September (Increased by 4 condos from August).

      The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels.  Pending sales were down while closed sales were up for September.

     The absorption rate returned to 2.6 months in September compared to 3.0 months for August.  Remaining as a strong seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The September 2017 numbers were: 49 active listings, 18 pending sales, and 13 closed sales.  Pretty similar market activity as last year.

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For August 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 36 active condo listings (Down by 8 condos from July).

25 Condo sales are pending and awaiting close (Up by 4 condos from July).

12 Condos Sold in August (Decreased by 5 condos from July).

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.  Surprisingly, both pending and closed sales remain quite strong considering the low inventory.

     The absorption rate rose to 3.0 months in August compared to 2.6 months for July.  Remaining as a strong seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The August 2017 numbers were: 44 active listings, 23 pending sales, and 17 closed sales.  Better sales activity last year but with greater inventory.

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For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 6 condos from June).

21 Condo sales are pending and awaiting close (Down by 5 condos from June).

17 Condos Sold in July (Decreased by 1 condos from June).

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.

     The absorption rate inched down to 2.6 months in July compared to 2.8 months for June.  Remaining as a strong seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The July 2017 numbers were: 61 active listings, 32 pending sales, and 25 closed sales.  Considerably better activity last year.

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For June 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Unchanged from May).

26 Condo sales are pending and awaiting close (Also unchanged from May).

18 Condos Sold in June (Increased by 1 condos from May).

      The Stuart FL condo market for zip code 34997 had identical activity to last month with the exception of one additional closed sale this month.

     The absorption rate inched down to 2.8 months in June compared to 2.9 months for May.  Remaining in a strong seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The June 2017 numbers were: 50 active listings, 33 pending sales, and 7 closed sales.  Better sales activity this year while the pending sales were a bit stronger last year.  The inventory remained unchanged from last year as well.

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For May 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Down by 7 condos from April).

26 Condo sales are pending and awaiting close or lender approval (Up by 7 condos from April).

17 Condos Sold in May (Increased by 8 condos from April).

      The Stuart FL condo market for zip code 34997 showed strong activity for May.  Both pending and closed sales improved from last month, whilewe remain in great need of more condos available to purchase (inventory) in this area of Stuart FL.

     The absorption rate plunged to 2.9 months in May compared to 6.3 months for April.  Back into a strong seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The May 2017 numbers were: 61 active listings, 22 pending sales, and 37 closed sales.  Better sales activity last year even though pending sales were a bit stronger this year.  This is all with a reduced number of condos available for sale

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