Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2013
For April, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 172 active listings (Decreased by 3 home from March).
57 Residential sales are pending and awaiting close or lender approval (Increased by 2 from March).
18 Homes Sold in April (Increased by 4 homes from March).
In the 34996 zip code area of Stuart Florida real estate market activity for April 2013 both pending sales and closed sales rose while the inventory decreased again. Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.
The one month absorption rate for the 34996 zip code area of Stuart Florida for April dipped to 9.6 months, which is still a buyer’s market. This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for April of 2012 were: 165 active listings, 47 pending sales and 8 closed sales. The 34996 zip code area of Stuart is bucking the trend for most of the other areas of Martin County as it has a higher inventory this year as compared to last year. The market activity is stronger this year with closed and pending sales.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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