Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2014
For December 2013 in the 34990 Zip Code area of Palm City Florida :
There are currently 447 active listings (An increase of 48 homes from December)
117 Residential sales are pending and awaiting close or lender approval. (Decreased by 23 homes from last month)
62 Homes Sold in December (Decreased by 11 homes from December)
After a very strong finish for the Palm City home market (zip code 34990) for 2013, 2014 starts out with disappointing numbers. Both closed and pending sales were downand the inventory took a large jump. One of the few segments of our market with this type of results.
The current absorption rate increased to 7.2 months from 5.5 months in October, putting us back into a slight buyers’ market. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The December 2012 numbers were: 411 active listings, 176 pending sales and 39 closed sales. Inventory has jumped above last years levelsand pending sales are down considerably from last year. This is not a good sign! Closed sales, however, did much better for this year.
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Palm City, FL Real Estate
Rental Properties
Residential Properties
- Residential Properties for Sale in Palm City, Florida Between $0 - $500,000
- Residential Properties for Sale in Palm City, Florida Between $500,000 - $1,000,000
- Residential Properties for Sale in Palm City, Florida Between $1,500,000 - $2,000,000
- Residential Properties for Sale in Palm City, Florida Between $2,000,000 - $2,500,000
- Residential Properties for Sale in Palm City, Florida Between $3,500,000 - $4,000,000
- Residential Properties for Sale in Palm City, Florida Between $4,500,000 - $5,000,000
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