Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2014

For January 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 171 active condo listings (Down by 2 condos from last month).

49 Condo sales are pending and awaiting close or lender approval (Increased by 20 condos from December).

15 Condos Sold in January (Down by 6 condos from December) 

For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014, a little bit of mixed results to start the year.  One of our few areas with a continued decrease in inventory, but this could be a result of the big jump in pending sales which took 49 condos off the active rolls.  Closed sales were down by 6 condos which is disappointing.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 11.4  months from December’s 8.2.  Still a buyers market for January 2014.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2012 were: 218 active listings, 54 pending sales and 13 closed sales.  Inventory levels are still below those of 2013, yet the market activity is considerably better.