Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013
Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2013
For February, 2013 in the 34994 Zip Code area of Stuart, Florida :
There are currently 134 active condo listings (A drop of 24 condos from January).
50 Condo sales are pending and awaiting close or lender approval. (Up 9 condos from last month)
19 Condos Sold in February (An increase of 4 condos from January).
Another strong month for the Stuart Condo market for zip code 34994. Both pending and closed sales increased from January. Unfortunately the inventory decreased by a fairly large amount.
The one month absorption rate dropped to 7 months, which still signifies a buyers market, although only a slight one. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.
Last February the numbers were 134 active listings, 43 pending sales, and 7 closed sales. Considerably better numbers for this year with a similar inventory.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team