Palm City FL 34990 Residential Market Report October 2015
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2015
For October 2015 in the 34990 Zip Code area of Palm City Florida :
There are currently 377 active listings (Increased by 12 homes from September)
137 Residential sales are pending and awaiting close or lender approval. (Decreased by 18 homes from last month)
58 Homes Sold in September (Decreased by 2 sold homes from September)
After a very strong September, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for the second month in a row. The Palm City FL real estate market continues to show excellent resilience even as we approach our typically slower season.
The current absorption rate increased slightly to to 6.5 months from 6 months in September. Still a balanced market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn't favor either sellers or buyers.
The October 2014 numbers were: 455 active listings, 122 pending sales and 58 closed sales. Same closed activity as last year and higher pending numbers even with reduced inventory.
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Palm City Florida Real Estate presented by: the Gabe Sanders real estate team
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