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Stuart Florida Market Report ZIP Code 34994 Residential November 2016
Stuart Florida Market Report ZIP Code 34994 Residential November 2016Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2016For November, 2016 in the 34994 Zip Code area of Stuart, Florida :
There are currently 45 active listings (Decreased by 11 homes from October)
31 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).
 
14 Homes Sold in October (Down by 2 homes from October)
The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  Unfortunately the inventory of active home listings is dropping once again to levels that may make this market difficult in the near future.
The one month absorption rate for the 34994 zip code for November declined to 3.2 months from 3.5 months for October.  Continuing as a strong sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.
The November 2015 numbers were 61 Active Listings, 25 pending sales and 12 closed sales.  Considerably stronger activity this year when compared to 2015, but the large drop in inventory is troubling.
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