Stuart FL 34997 Residential Market Report August 2015
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2015
There are currently 247 active listings (Increased by 15 homes from July).
174 Residential sales are pending and awaiting close or lender approval (Decreased by 16 homes from July).
79 Homes Sold in August (Decreased by 4 homes from July)
The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets. The good news is that the inventory actually rose this month after many, many months of declines. Activity did slow some, but this is still a super hot segment and still a sellers market.
The current one month absorption rate increased to 3.1 months (was 2.8 months for July). Remaining in a very strong seller's market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2014 numbers for August, were: 351 active listings, 171 pending listings and 95 closed sales. With the reduced inventory of this year, we are starting to fall behind as compared to last year's inventory.
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Stuart Florida Real Estate presented by: the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report August 2015
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