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

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

 

There are currently 389 active listings (A decrease of 18 homes from April).

 

225 Residential sales are pending and awaiting close or lender approval (A decrease of 20 homes from April).

 

92 Homes Sold in April (Up 25 homes from April)

More good results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market has had an exceptionally strong spring! Inventory took another drop again in May while pending sales also dropped, most likely reflecting the decrease of seasonal home buyers on the Treasure Coast.  Sales rose to a solid 92 homes for May!  The best month in closed sales for one segment of the market in many, many years.

 

 

In May of 2011, there were 548 active listings, 173 pending sales and 53 closed sales, for the 34997 zip code for Stuart, Florida.  Even with almost 150 fewer homes available for sale, closed sales almost doubled for 2012.  A very good case can be made that the market has turned in Stuart, Florida.