Palm City FL 34990 Residential Market Report October 2016

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Palm City FL 34990 Residential Market Report October 2016

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 23 homes from September)

Palm City FL 34990 Residential Market Report October 2016

 114 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report October 2016

55 Homes Sold in September (Up by 1 homes from September)

Palm City FL 34990 Residential Market Report October 2016

The Palm City FL, zip code 34990 residential real estate market activity is showing some weakness going into a buyers market for the first time in years.  Inventory is up above last year while sales and ending sales have decreased.
 
The monthly absorption rate increased to to 7.3 months from 7 months in September.  Now a buyers market for the first time in a few years 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 2015 numbers were:  377 active listings, 137 pending sales and 58 closed sales.  This is the second month with weaker activity for this year as compared to last year.

Palm City FL 34990 Residential Market Report October 2016

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report October 2016

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Topic:
Real Estate Market Trends
Location:
Florida Martin County Palm City
Groups:
All Things Florida
City and State
Market Reports
Advice for Sellers
Advice for Buyers
Tags:
residential
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palm city
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Rainmaker
3,819,291
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good information for home buyers and sellers in your market area.

Nov 25, 2016 04:01 AM #1
Rainmaker
4,397,099
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

 

Nov 25, 2016 04:45 PM #2
Rainmaker
2,557,415
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe what a detailed Market Report for Palm City, FL I hope your buyers and sellers appreciate the effort and energy you put in, Endre

Nov 25, 2016 08:00 PM #3
Rainmaker
4,047,217
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your comments are always appreciated!

Dec 07, 2016 10:09 AM #4
Rainmaker
4,047,217
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Palm City, FL real estate.

Dec 07, 2016 10:09 AM #5
Rainmaker
4,047,217
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Dec 07, 2016 10:09 AM #6
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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