Stuart FL 34996 Residential Market Report June 2014
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2014
For June 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 177 active listings (Decreased by 10 home from May).
38 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from May).
15 Homes Sold in June (Decreased by 5 homes from May).
After a promising trend in May for the 34996 zip code area of the Stuart Florida residential real estate market, June numbers went in the wrong direction. Closed and pending sales were both off and the inventory decreased as well.
The one month absorption rate for the 34996 zip code area of Stuart Florida for June increased to 11.8 months as compared to May’s 9.4 months. Still a buyers market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for June of 2012 were: 153 active listings, 42 pending sales and 21 closed sales. This segment of the Stuart market continues to lag behind the results from 2013 as well as other areas of Martin County.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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