Stuart Florida Market Report ZIP Code 34994 Condo, September 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2013

For September, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 119 active condo listings (Increased by 7 condos fromAugust). 

48 Condo sales are pending and awaiting close or lender approval. (Down by 7 condos from last month)

15Condos Sold in September (Decreased by 1 condo from August).

For the summer season in the Stuart Condo market for zip code 34994 both pending and closed sales were down for September. The inventory grew by 7 condos. Not unexpected results as the condo market in Martin County is very seasonably dependent. We are now awaiting the 'snowbirds' to return and to see how they feel about buying in our market.

The one month absorption rate rose to 7.9 months compared to last months 7. Still in a buyers market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last September the numbers were 142 active listings, 45 pending sales, and 12 closed sales. When the reduced inventory is accounted for, the real estate market for condos in the 34994 zip code area of Stuart is performing much better than it was in September of 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market: