Stuart FL Market Report ZIP Code 34996 – Residential, February 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2013
For February, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 179 active listings (Decreased by 1 home from January).
47 Residential sales are pending and awaiting close or lender approval (Increased by 24 from January).
5 Homes Sold in February (Down 4 homes from January).
In the 34996 zip code area of Stuart Florida real estate market activity for February 2013 the most glaring change is more than a 50% jump in pending sales. Sales were off for the month, reflecting the reduced activity from the holiday season. Inventory remained unchanged and is now getting quite low if all the pending sales close in the next few months.
The one month absorption rate for the 34996 zip code area of Stuart Florida for February jumped to 36 months, which represents a strong buyer’s market. This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.
The numbers for February of 2012 were: 183 active listings, 35 pending sales and 8 closed sales. Very similar numbers from last year to this year.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team