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)

Stuart FL 34996 Residential Market Report September 2017

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

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

There are currently 129 active listings (Down by 16 homes from August).

19 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from August).

6 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34997 Residential Market Report August 2017

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

There are currently 291 active listings (Decreased by 1 homes from July).

141 Residential sales are pending and awaiting close or lender approval (Decreased by 39 homes from July).

86 Homes Sold in August (Increased by 2 homes from July)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with very active closed sales activity, but also had a large drop in pending sales for August.

     The absorption rate inched down to 3.4 months (was 3.5 months for July).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for August 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 August, were: 297 active listings, 146 pending listings and 78 closed sales.  Very similar  activity when compared to last year.

Stuart FL 34996 Residential Market Report August 2017

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

 

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

 

There are currently 145 active listings (Down by 2 homes from July).

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

12 Homes Sold in August (Decreased by 24 homes from July).

Stuart FL 34997 Residential Market Report July 2017

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

There are currently 292 active listings (Increased by 31 homes from June).

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

84 Homes Sold in July (Decreased by 3 homes from June)

      The Stuart Florida Residential Market for ZIP Code 34997  had a welcome increase in inventory for July along with strong pending sales numbers and slightly weaker closed sales from last month.

     The absorption rate increased to 3.5 months (was 3.0 months for June).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for July 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 July, were: 299 active listings, 159 pending listings and 86 closed sales.  Better closed activity last year, but higher pending sales this year which indicates strong future closed sales activity.

Stuart FL 34996 Residential Market Report July 2017

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

 

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

 

There are currently 147 active listings (Up by 9 homes from June).

33 Residential sales are pending and awaiting close or lender approval (Down by 22 homes from June).

36 Homes Sold in July (Decreased by 5 homes from June).

Stuart FL 34997 Residential Market Report June 2017

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

There are currently 261 active listings (Decreased by 30 homes from May).

180 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from May).

87 Homes Sold in June (Decreased by 17 homes from May)

      The Stuart Florida Residential Market for ZIP Code 34997 continued with strong activity and this sement of Martin County real estate remains one of the ost active areas. I am seeing a trend of lower inventory numbers once again which may effect volume in the future.

     The absorption rate increased to 3.0 months (was 2.8 months for May).  Continuing as an extreme sellers’ market for the 34997 zip code area of Stuart for June 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 June, were: 299 active listings, 173 pending listings and 125 closed sales.  Better closed activity last year, but with a larger inventory of available homes for sale.

Stuart FL 34996 Residential Market Report June 2017

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

 

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

 

There are currently 138 active listings (Down by 10 homes from May).

55 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from May).

41 Homes Sold in June (Increased by 15 homes from May).

Stuart FL 34997 Residential Market Report May 2017

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

There are currently 291 active listings (Decreased by 39 homes from April).

168 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from April).

104 Homes Sold in May (Increased by 24 homes from April)

      The Stuart Florida Residential Market for ZIP Code 34997 showed a decrease in inventory for may along with a sizeable jump in closed sales.  The pending numbers are off a bit and may show some slower closed sale activity for the near future.

     The absorption rate increased to 2.8 months (was 4.1 months for April).  We’re in an extreme sellers’ market for the 34997 zip code area of Stuart for may 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 May, were: 304 active listings, 216 pending listings and 109 closed sales.  Even with such strong activity for this year, the market was more active in 2016.

Stuart FL 34996 Residential Market Report May 2017

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

 

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

 

There are currently 148 active listings (Down by 15 homes from April).

64 Residential sales are pending and awaiting close or lender approval (Up by 15 homes from April).

26 Homes Sold in May (Increased by 5 homes from April).

Stuart FL 34997 Residential Market Report April 2017

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

There are currently 330 active listings (Decreased by 2 homes from March).

177 Residential sales are pending and awaiting close or lender approval (Down by 12 homes from March).

80 Homes Sold in April (Decreased by 14 homes from March)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity however the activity slowed from last month as well as last year.

     The absorption rate increased to 4.1 months (was 3.5 months for March).  Still in a sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for April, were: 309 active listings, 219 pending listings and 99 closed sales.  Better activity last April weh compared to this year.

Stuart FL 34996 Residential Market Report April 2017

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

 

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

 

There are currently 163 active listings (Down by 4 homes from March).

49 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from March).

21 Homes Sold in April (Decreased by 15 homes from March).

Stuart FL 34997 Residential Market Report March 2017

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

There are currently 332 active listings (Decreased by 11 homes from February).

189 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from February).

94 Homes Sold in March (Increased by 20 homes from February)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity for the spring of 2017 with increases in both pending and closed sales.

     The absorption rate decreased to 3.5 months (was 4.6 months for February).  A very strong sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for March, were: 308 active listings, 175 pending listings and 78 closed sales.  Continued improved activity when compared to last March.

Stuart FL 34996 Residential Market Report March 2017

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

 

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

 

There are currently 167 active listings (Up by 1 homes from February).

58 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from February).

36 Homes Sold in March (Increased by 24 homes from February).