Stuart FL 34997 Residential Market Report March 2016
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2016
There are currently 308 active listings (Decreased by 13 homes from February).
175 Residential sales are pending and awaiting close or lender approval (Increased by 40 homes from February).
78 Homes Sold in March (Increased by 20 homes from February)
The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market. Closed and pending sales made huge improvements from last month as this segment of the Stuart residential real estate market remains red hot.
The current one month absorption rate plunged to 3.9 months (was 5.5 months for February). A very strong sellers market for the 34997 segment of the Stuart residential market. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2015 numbers for March, were: 351 active listings, 211 pending listings and 87 closed sales. As hot as this market is, it was still outperformed last year, though there was a greater amount of inventory.
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Stuart Florida Real Estate presented by: the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report March 2016
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