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Hobe Sound FL 33455 Condo Market Report September 2016
Hobe Sound FL 33455 Condo Market Report September 2016  Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2016  For September 2016 in the 33455 Zip Code area of Hobe Sound, Florida :  There are currently 5 active condo listings. (Up by 1 condos from August)

3 Condos are pending and awaiting close. (Down by 2 pending condos from August)3 Condos sold in September. (The same number of closed sales from August)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market. For September, 2016 the absorption rate is 1.7 month (it was 1.3 months in August).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that September not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer ... more

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