Stuart Florida Market Report ZIP Code 34997 – Condo, November 2012
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2012
For November 2012 in the 34997 Zip Code area of Stuart, Florida :
There are currently 97 active condo listings (No change form October).
21 Condo sales are pending and awaiting close or lender approval (No change from October).
7 Condos Sold in November (An increase of 1 condo from October).
Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a fairly slow second month in a row for November. Basically unchanged from October, with only minor variations. With the holidays coming up, we’re not expecting any major movement in the Stuart condo market. Possibly an increase in inventory as often condo owners will try to time the market for the winter and spring season when activity tends to be a bit higher.
The one month absorption rate is at 13.9 months, indicating a continued strong buyers market.
The November 2011 numbers were: 119 active listings, 24 pending sales and 5 closed sales. No significant changes from last year with the exception of a reduced inventory of approximately 20%.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2012
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