Stuart FL Condos for Sale and Sold Report 34996 ZIP Code March 2014
Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2014
For March 2014 in the 34996 Zip Code area of Stuart, Florida :
There are currently 150 active condo listings (Down by 21 condos from last month).
55 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from February).
34 Condos Sold in March (Increased by 4 condos from February)
For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014, showed continued good activity. Pending and closed sales increased, though only slightly. Troubling is the fact that the inventory took a sizable drop for march, significantly reducing the available choices for prospective buyers.
The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.4 months from February’s 5.7 . This is now a strong sellers market and prices are in fact rising due to the competition for the relatively few available condos on the market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.
The numbers for March 2012 were: 189 active listings, 59 pending sales and 44 closed sales. The percentage of activity is very similar to last year when the reduced inventory is factored into the equation.
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