Hobe Sound FL 33455 Residential Market Report May 2016
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2016
For May 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 213 active listings. (Down by 4 homes from April)
90 Residential sales are pending and awaiting close (Down by 9 homes from April)
52 Homes Sold in May (Down by 2 homes from last month)
The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.
The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April). The third month in a row of being in a sellers market after two months of a balanced one. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The numbers for May 2015 were: 180 active listings, 113 pending sales and 65 closed sales. Market activity was better last year even with a reduce inventory, though this is still an active market.
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