Hobe Sound FL 33455 Residential Market Report February 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2016

For February 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Down by 6 homes from January)

116 Residential sales are pending and awaiting close (Up by 40 homes from January)

27 Homes Sold in February (Down by 8 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a very strong pending sales gain as compared to last month (and previous months), while after two months of increasing inventory. this month saw a decline. Closed sales were off for the month, but with the pending numbers so good, I expect to see increases for the next few months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 7.6 months (6.1 months in January). Into a buyers' market for February after last months balanced market. Though with the strong rise in pending sales I expect to go back into a sellers market in the next month or two. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2014 were: 250 active listings, 98 pending sales and 35 closed sales. Much stronger pending sales this year and weaker closed sales along with a much smaller inventory of available homes.

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