Stuart FL 34996 Residential Market Report March 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2016
For March 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :There are currently 163 active listings (Up by 9 homes from February).
51 Residential sales are pending and awaiting close or lender approval (Down by 4 homes from February).
23 Homes Sold in March (Increased by 11 homes from February).
The 34996 zip code area of the Stuart Florida residential real estate market had some excellent increases in closed sales as well as a small jump in inventory. Pending sales were off slightly from last month.
The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.1 months as compared to February's 12.8 months. Still a buyers market for this section of Martin County but improving steadily for the past two months. 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 2014 were: 166 active listings, 37 pending sales and 21 closed sales. Better activity this year than for March of 2015.
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Stuart Florida Real Estate presented by:the Gabe Sanders real estate team
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