Stuart FL 34996 Residential Market Report March 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2015
For March 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 166 active listings (Up by 8 homes from February).
37 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from February).
21 Homes Sold in March (Increased by 9 homes from February).
The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement. Increase closed sales as well as inventory, along with a small decrease in pending sales for March.
The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months. Still a buyers’ market, though the trend is towards a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for March of 2013 were: 162 active listings, 47 pending sales and 15 closed sales. We experienced more closed sales this year, but the pending (future) sales activity was better last year.
Search here for real estate in the 34996 Zip Code of Stuart FL
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Comments(16)