Stuart FL 34996 Residential Market Report July 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2015
For July 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 135 active listings (Down by 1 homes from June).
34 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from June).
11 Homes Sold in July (Increased by 3 homes from June).
The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle, though it improved from June’s very poor showing. Unfortunately pending sales were off considerably this month. This could be a sign of continued weak activity for the near future.
The one month absorption rate for the 34996 zip code area of Stuart Florida for July dropped to 12.3 months as compared to June’s atrocious 17 months. Still a strong buyers market for this section of Martin County. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for July of 2014 were: 169 active listings, 32 pending sales and 21 closed sales. Considerably weaker activity this year as compared to July of 2014.
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
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