Stuart FL 34996 Residential Market Report August 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2016
For August 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :There are currently 144 active listings (Down by 7 homes from July).
32 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from July).
12 Homes Sold in August (Decreased by 12 homes from July).
The 34996 zip code area of the Stuart Florida residential real estate market showed decreasing sales activity for the month of August. Pending sales did increase slightly, so hopefully closed sales will make a comeback in the coming months.
The one month absorption rate for the 34996 zip code area of Stuart Florida for August increased to 12 months as compared to July's 6.3 months. Moved into a buyers' market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for August of 2015 were: 139 active listings, 32 pending sales and 14 closed sales. Similar results as compared to August of last year with a slightly higher inventory of available Stuart homes for sale.
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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