Palm City FL 34990 Residential Market Report December 2016
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2016
For December 2016 in the 34990 Zip Code area of Palm City Florida :
There are currently 416 active listings (Decreased by 16 homes from November)
92 Residential sales are pending and awaiting close or lender approval. (Down by 9 homes from last month)
65 Homes Sold in November (Up by 13 homes from November)
The Palm City FL, zip code 34990 residential real estate market had a drop in inventory after two months of increases. Closed sales were up strongly for December from last month, while pending sales saw a decline.
The monthly absorption rate decreased to 6.4 months from 8.3 months in November. Back into a balanced 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 December 2015 numbers were: 375 active listings, 114 pending sales and 60 closed sales. With higher inventory this year, there are fewer closed sales and a little improved closed sales numbers.
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Residential Properties
- Residential Properties for Sale in Palm-City, Florida Between $0 – $500,000
- Residential Properties for Sale in Palm-City, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Palm-City, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Palm-City, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Palm-City, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Palm-City, Florida Between $2,500,000 – $3,000,000
- Residential Properties for Sale in Palm-City, Florida Between $5,000,000 – $5,500,000
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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