For January 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 34 active listings. (Decreased by 7 condos from December)

19 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from December)

4 Condos Sold (Decreased by 6 condos from December)

The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, active listings once again declined.   We ended 2013 with a nice jump in closed sales, but for January sales once again declined.  About the only good news is a nice increase in pending sales.

The one month absorption rate for the January 2014, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 8.5  months (4.1 months in December), back into a buyers’ market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2012 numbers were: 66 active listings, 27 pending sales and 5 condos closed.   Almost double the inventory last year, so with that percentage this condo market is still doing OK, but we need more active listings for any movement to be possible.