Stuart FL 34997 Condo Market Report November 2017
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2017
For November 2017 in the 34997 Zip Code area of Stuart, Florida:
There are currently 49 active condo listings (Decreased by 4 condos from October).
30 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).
10 Condos Sold in November (Unchanged from October).
The Stuart FL condo market for zip code 34997 had some strong activity even though the inventory is now down to extremely low levels and may impact future sales volume.
The absorption rate decreased to 4.9 months in November compared to 5.3 months for October. Still in a seller’s 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 November 2016 numbers were: 73 active listings, 20 pending sales, and 8 closed sales. Much better activity for this year when one considers the greatly reduced inventory of available condos for sale.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report November 2017
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