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Palm City FL 34990 Residential Market Report October 2016
Palm City FL 34990 Residential Market Report October 2016  Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2016 
For October 2016 in the 34990 Zip Code area of Palm City Florida :
 
There are currently 400 active listings (Increased by 23 homes from September)

 114 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

55 Homes Sold in September (Up by 1 homes from September)

The Palm City FL, zip code 34990 residential real estate market activity is showing some weakness going into a buyers market for the first time in years.  Inventory is up above last year while sales and ending sales have decreased. The monthly absorption rate increased to to 7.3 months from 7 months in September.  Now a buyers market for the first time in a few years for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.The October 2015 numbers were:  377 active listings, 137 pending sales and 58 closed sales.  This is the second month with weaker activity for this year as compared to last year.
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