Stuart FL 34997 Residential Market Report July 2016
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2016
There are currently 299 active listings (No change from June).
159 Residential sales are pending and awaiting close or lender approval (Down by 24 homes from June).
86 Homes Sold in July (Decreased by 39 homes from June)
The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. This segment of the Stuart residential real estate market remains quite active though it eased just a bit from the past few month's super-heated activity. Which is to be expected in the summer months.
The absorption rate increased to 3.5 months (was 2.4 months for June). Still a strong sellers' market for the 34997 zip code area of Stuart FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2015 numbers for July, were: 232 active listings, 190 pending listings and 83 closed sales. When considering the greater available inventory for this year, the volume of closed and pending sales were greater last year.
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Stuart Florida Real Estate presented by: the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report July 2016
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