Stuart FL 34997 Condo Market Report September 2017
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2017
For September 2017 in the 34997 Zip Code area of Stuart, Florida:
There are currently 49 active condo listings (Increased by 5 condos from August).
18 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from August).
13 Condos Sold in September (Decreased by 4 condos from August).
The Stuart FL condo market for zip code 34997 continues to show strong activity but also now with a troubling decrease in available condos for sale. This month’s activity may been impacted by Hurricane Irma which shut down real estate for a little over a week last month.
The absorption rate increased to 3.8 months in September compared to 2.6 months for August. Still in a very strong 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 September 2016 numbers were: 72 active listings, 19 pending sales, and 16 closed sales. Better closed sales last year but that was with a much greater inventory of available condos.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2017
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