Stuart FL 34996 Residential Market Report June 2015
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2015
For June 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 136 active listings (Down by 11 homes from May).
44 Residential sales are pending and awaiting close or lender approval (Up by 10 homes from May).
8 Homes Sold in June (Decreased by 8 homes from May).
The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness. Pending sales are quite strong, but closed sales were off for June.
The one month absorption rate for the 34996 zip code area of Stuart Florida for June jumped dramatically to 17 months as compared to May’s 9.2 months. A pretty good buyers market fot this section of Martin County. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for June of 2014 were: 177 active listings, 38 pending sales and 15 closed sales. Dramatically reduced inventory is contributing to a lower volume of activity for the 34996 zip code area of Stuart.
Search here for real estate in the 34996 Zip Code of Stuart FL
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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