Palm City FL 34990 Residential Market Report April 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2018
For April 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 364 active listings (Decreased by 27 homes from March)
193 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from last month)
64 Homes Sold in March (Down by 17 homes from March)
The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months. Pending sales remain very strong even as closed sales were off from last month.
The monthly absorption rate rose to 5.7 months from 4.8 months in March. Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The April 2017 numbers were: 403 active listings, 191 pending sales, and 80 closed sales. Somewhat slower closed sales this year, but this is with a greatly reduced number of homes available for sale (inventory).
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Palm City Florida Real Estate presented by:
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