Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2012
For July, 2011 in the 34996 Zip Code area of Stuart, Florida :
There are currently 166 active listings (An increase of 7 homes from June).
28 Residential sales are pending and awaiting close or lender approval (Down 4 from June).
11 Homes Sold in July (Up 3 from June).
The 34996 zip code area of Stuart Florida showed a modest increase in sales for July as compared to last month while inventory saw a small increase. Pending sales were off slightly. We continued to have some excellent sales in the higher price brackets this month, continuing a trend from June.
The one month absorption rate for the 34996 zip code area of Stuart Florida is now 15 months, which still has plenty of room for improvement. Abalanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team