Stuart FL 34994 Condo Market Report July 2014
Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2014
For July, 2013 in the 34994 Zip Code area of Stuart, Florida :
There are currently 118 active condo listings (Up 7 condos from June).
40 Condo sales are pending and awaiting close or lender approval. (Down by 6 condos from last month)
25 Condos Sold in July (Up by 1 condo from June).
Typically the Stuart FL 34994 Condo market slows a bit in the summer, which we can see for July. Closed sales were up by 1 condo while the number of pending sales (future activity) was off. The inventory also increased for this month.
The one month absorption rate dropped to 4.7 months compared to last month’s 4.8. Still a sellers market. 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 July the numbers were 109 active listings, 53 pending sales, and 11 closed sales. Considerably better activity this year.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart Florida Market Report ZIP Code 34994 – Condo, July 2014