For November 2016 in the 34997 Zip Code area of Stuart, Florida :
There are currently 73 active condo listings (Increased by 1 condo from October).
20 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from October).
8 Condos Sold in November (Increased by 2 condos from October).
The Stuart FL condo market for zip code 34997 showed a small increase in sales activity while also having reduced pending sales. The inventory remained fairly steady from last month.
The absorption rate dropped to 9.1 months in November from 12 months for October. Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though not as extreme as last month. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The November 2015 numbers were: 58 active listings, 29 pending sales and 9 closed sales. Considerably greater sales activity last year with less available inventory.