Stuart FL 34997 Residential Market Report December 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 275 active listings (Decreased by 10 homes from November).

121 Residential sales are pending and awaiting close or lender approval (Decreased by 17 homes from November).

81 Homes Sold in December (Increased by 11 homes from November)

      The Stuart Florida Residential Market for ZIP Code 34997 continues as one of the most active segments of the Martin County Florida real estate market.

 

     The absorption rate inched down to 3.4 months (was 4.1 months for November).  Becoming a very extreme seller’s market for the 34997 zip code area of Stuart for December 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

 

     The 2016 numbers for December, were: 334 active listings, 120 pending listings, and 69 closed sales.  A much stroger market for sales this year on a smaller number of available homes for sale (inventory).