Stuart FL 34997 Residential Market Report March 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2018

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

There are currently 297 active listings (Decreased by 10 homes from February).

164 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

92 Homes Sold in March (Increased by 27 homes from February)

      The Stuart Florida Residential Market for ZIP Code 34997 continues to show very strong sale activity.

     The absorption rate decreased to 3.2 months (was 4.7 months for February).  Into an even stronger seller’s market for the 34997 zip code area of Stuart for March 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

     The 2017 numbers for March, were: 332 active listings, 189 pending listings, and 94 closed sales.  Slightly greater activity last year but with a greater inventory of available homes for sale.

Stuart FL 34996 Residential Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2018

For March 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 133 active listings (Increased by 3 homes from February).

48 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from February).

29 Homes Sold in March (Up by 15 homes from February).

Stuart FL 34996 Residential Market Report February 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2018

For February 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 130 active listings (Decreased by 16 homes from January).

56 Residential sales are pending and awaiting close or lender approval (Up by 19 homes from January).

14 Homes Sold in February (Down by 1 homes from January).

Stuart FL 34997 Residential Market Report February 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2018

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

There are currently 307 active listings (Increased by 15 homes from January).

155 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from January).

65 Homes Sold in February (Increased by 7 homes from January)

      The Stuart Florida Residential Market for ZIP Code 34997 showed improvement in all tracked metrics for this report.  Of note are two months of increased inventory which is good news for the market.

     The absorption rate decreased to 4.7 months (was 5.0 months for January).  Still in a seller’s market for the 34997 zip code area of Stuart for February 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

     The 2017 numbers for February, were: 343 active listings, 182 pending listings, and 74 closed sales.  Better activity last February but this was with a greater inventory of available homes for sale.

Stuart FL 34997 Residential Market Report January 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2018

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

There are currently 292 active listings (Increased by 12 homes from December).

144 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from December).

58 Homes Sold in January (Decreased by 23 homes from December)

      The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in closed sales but this is still one of the most active markets in Martin County residential real estate.

     The absorption rate jumped up to 5.0 months (was 3.4 months for December).  Still in a seller’s market for the 34997 zip code area of Stuart for January 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2017 numbers for January, were: 354 active listings, 169 pending listings, and 61 closed sales.  Somewhat stronger volume last year but this was with a considerably larger inventory of homes for sale.

Stuart FL 34996 Residential Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2018

For January 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 146 active listings (Increased by 5 homes from December).

37 Residential sales are pending and awaiting close or lender approval (Unchanged from December).

15 Homes Sold in January (Up by 1 homes from December).

Stuart FL 34997 Residential Market Report December 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 275 active listings (Decreased by 10 homes from November).

121 Residential sales are pending and awaiting close or lender approval (Decreased by 17 homes from November).

81 Homes Sold in December (Increased by 11 homes from November)

      The Stuart Florida Residential Market for ZIP Code 34997 continues as one of the most active segments of the Martin County Florida real estate market.

     The absorption rate inched down to 3.4 months (was 4.1 months for November).  Becoming a very extreme seller’s market for the 34997 zip code area of Stuart for December 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for December, were: 334 active listings, 120 pending listings, and 69 closed sales.  A much stroger market for sales this year on a smaller number of available homes for sale (inventory).

Stuart FL 34996 Residential Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2017

For December 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 141 active listings (Decreased by 2 homes from November).

37 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from November).

14 Homes Sold in December (Decreased by 5 homes from November).

Stuart FL 34997 Residential Market Report November 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2017

For November 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 285 active listings (Decreased by 6 homes from October).

138 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from October).

70 Homes Sold in November (Increased by 2 homes from October)

      The Stuart Florida Residential Market for ZIP Code 34997 showed strong activity for November with increased pending and closed sales activity.

     The absorption rate inched down to 4.1 months (was 4.3 months for October).  Continuing as a seller’s market for the 34997 zip code area of Stuart for November 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for November, were: 328 active listings, 132 pending listings, and 62 closed sales.  A continuing better market when compared to last year with a lower inventory of available homes for sale. 

Stuart FL 34996 Residential Market Report November 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2017

For November 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 143 active listings (Increased by 14 homes from October).

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

19 Homes Sold in November (Increased by 14 homes from October).

Stuart FL 34997 Residential Market Report October 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2017

For October 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 291 active listings (Increased by 17 homes from September).

131 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from September).

68 Homes Sold in October (Unchanged from September)

      The Stuart Florida Residential Market for ZIP Code 34997 remains active with good activity even through last September’s hurricane.

     The absorption rate inched up to 4.3 months (was 4.0 months for September).  Continuing as a seller’s market for the 34997 zip code area of Stuart for October 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for October, were: 331 active listings, 132 pending listings, and 58 closed sales.  Better closed activity this year with a lower inventory.

Stuart FL 34996 Residential Market Report October 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2017

For October 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 129 active listings (Unchanged from September).

30 Residential sales are pending and awaiting close or lender approval (Up by 11 homes from September).

5 Homes Sold in October (Decreased by 1 homes from September).

Stuart FL 34997 Residential Market Report September 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2017

For September 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 274 active listings (Decreased by 17 homes from August).

130 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from August).

68 Homes Sold in September (Decreased by 18 homes from August)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity but a bit weaker than last month.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.

     The absorption rate inched down to 4.0 months (was 3.4 months for August).  Continuing as a strong seller’s market for the 34997 zip code area of Stuart for September 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for September, were: 309 active listings, 132 pending listings, and 89 closed sales.  Better activity last year, but it was with a bigger selection of homes (inventory)