Jensen Beach FL 34957 Condo Market Report November 2016
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2016
For November 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 142 active listings. (Increased by 14 condos from October)
28 Condo sales are pending and awaiting settlement. (Down by 2 condos from October)
10 Condos Sold (Down by 12 condos from October)
The Jensen Beach FL 34957 Condo Market Report for November slowed abruptly after a pretty good previous month. Sales were off by a significant amount while the inventory rose as well. Hopefully this market will soon see increased activity as we head into the winter season.
The one month absorption rate for the November 2016, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 14.2 months (from 5.8 months in October), moving the Jensen Beach condo market into a buyers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.
The November 2015 numbers were: 36 active listings, 17 pending sales and 2 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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