Stuart FL 34997 Residential Market Report November 2015
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2015
There are currently 311 active listings (Increased by 3 homes from October).
164 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from October).
65 Homes Sold in November (Decreased by 1 homes from October)
The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market. We've had three months of increased inventory, and the sales activity seems to be absorbing all this product very strongly as we remain in a sellers market.
The current one month absorption rate remained almost the same at 4.8 months (was 4.7 months for October). Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2014 numbers for November, were: 346 active listings, 174 pending listings and 56 closed sales. Better closed activity this year, though still not as much inventory as we had last year.
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Stuart Florida Real Estate presented by: the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report November 2015
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