Palm City FL 34990 Residential Market Report November 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 November 2016

 

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

 

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

 

There are currently 430 active listings (Increased by 30 homes from October)

Palm City FL 34990 Residential Market Report November 2016

 101 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)

Palm City FL 34990 Residential Market Report November 2016

52 Homes Sold in October (Down by 3 homes from October)

Palm City FL 34990 Residential Market Report November 2016

The Palm City FL, zip code 34990 residential real estate market has had two months of increased inventory without an accompanying increase in either pending or closed sales.  This may only be a seasonal phenomena and we will wait to see if sales activity picks up as we head into the winter season.
 
The monthly absorption rate increased to 8.3 months from 7.3 months in October.  More into a buyers market 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 November 2015 numbers were:  389 active listings, 122 pending sales and 47 closed sales.  Better closed sales volume but not as strong with the pending sales.  Considerably higher inventory for this year.

Palm City FL 34990 Residential Market Report November 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 November 2016

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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:
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Rainmaker
4,391,147
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Palm City home sellers will be in very good hands when they select you as their listing agent.

Dec 28, 2016 04:51 PM #1
Rainmaker
1,402,521
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Thanks for the market update.  It is helpful to see what is going on in other parts of the country. 

Dec 28, 2016 08:26 PM #2
Rainmaker
4,391,147
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much, Gabe, for your regular comments on my blogs this year. Your efforts are very much appreciated.

Dec 29, 2016 04:30 PM #3
Rainmaker
3,815,682
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 the area. I hope they will call you.

Dec 30, 2016 04:13 AM #4
Rainmaker
4,043,562
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments, always appreciated.

Feb 01, 2017 07:22 AM #5
Rainmaker
4,043,562
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.

Feb 01, 2017 07:22 AM #6
Rainmaker
4,043,562
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

Feb 01, 2017 07:22 AM #7
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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