Stuart FL 34997 Condo Market Report January 2017
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2017
For January 2017 in the 34997 Zip Code area of Stuart, Florida :
There are currently 80 active condo listings (Decreased by 3 condos from December).
34 Condo sales are pending and awaiting close or lender approval (Up by 5 condos from December).
15 Condos Sold in January (Increased by 4 condos from December).
The Stuart FL condo market for zip code 34997 showed a strong start to the beginning of 2017 with increases in both pending and closed sales.
The absorption rate dropped to 5.3 months in January from 7.5 months for December. Back into a sellers’ market for the 34997 zip code of Stuart FL. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The January 2016 numbers were: 79 active listings, 29 pending sales and 8 closed sales. Considerably improved activity for this year as compared to 2016.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2017
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