Jensen Beach FL 34957 Condo Market Report October 2016
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2016
For October 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 128 active listings. (Increased by 13 condos from September)
30 Condo sales are pending and awaiting settlement. (Down by 7 condos from September)
22 Condos Sold (Up by 5 condos from September)
For the Jensen Beach FL 34957 Condo Market Report October 2016 had a surprisingly good month in what is typically a slow month for closed activity. Closed sales were up as well as a nice little jump in inventory. Pending sales were off, but still pretty good.
The one month absorption rate for the October 2016, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.8 months (from 6.7 months in September), moving the Jensen Beach condo market back towards a sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.
The October 2015 numbers were: 24 active listings, 17 pending sales and 4 condos closed. We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid.
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