Stuart FL 34997 Residential Market Report June 2018

STUART FLORIDA REAL ESTATE Snapshot for ZIP Code 34997, Residential Sales for June 2018

For June 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 263 active listings (Increased by 4 homes from May).

149 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from May).

94 Homes Sold in June (Increased by 1 homes from May)

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales and pending sales.  The inventory remained relatively steady for this month after numerous months of decreases in the number of available homes for sale.

 

     The absorption rate remained almost unchanged at 2.79 months (was 2.8 months for May).  Remaining in a very strong seller’s market for the 34997 zip code area of Stuart for June 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

 

     The 2017 numbers for June, were: 261 active listings, 180 pending listings, and 87 closed sales. Slightly better sales volume for this June but also a smaller number of pending sales.