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Palm City FL 34990 Residential Market Report June 2017

By
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 June 2017

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2017

 

For June 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 386 active listings (Increased by 5 homes from May)

Palm City FL 34990 Residential Market Report June 2017

171 Residential sales are pending and awaiting close or lender approval. (Down by 3 homes from last month)

Palm City FL 34990 Residential Market Report June 2017

96 Homes Sold in May (Down by 33 homes from May)

Palm City FL 34990 Residential Market Report June 2017

The Palm City FL, zip code 34990 residential real estate market continues with strong activity, though closed sales returned to a more sustainable value after a very large jump from last month.
 
The monthly absorption rate decreased to 4.0 months from 3.0 months in May.  A more extreme sellers’ 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 June 2016 numbers were:  362 active listings, 168 pending sales and 76 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report June 2017

 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 June 2017

Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Gabe, I'm shocked to see a home for sale under $5000.00 in Palm City. Real estate market is constantly changing, Palm City home buyers and sellers would benefit from calling you so they can receive the market updates.

Jul 26, 2017 04:01 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe, I had no idea you were the moderator of this group, on a side note if there was no drama at the other Market Report Groups I would have never known, Endre

Jul 26, 2017 10:28 PM
Gabe Sanders

Unfortunately, I haven't been very active in moderating it.

Jul 27, 2017 05:17 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will love your local real estate market reports.

Jul 27, 2017 05:01 AM
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. It’s always good to hear from you.

Aug 10, 2017 05:20 AM
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.

Aug 10, 2017 05:20 AM
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 website at: http://www.gabesanders.com/market-stats

Aug 10, 2017 05:20 AM