Hobe Sound FL 33455 Residential Market Report July 2016
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2016
For July 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 192 active listings. (Down by 1 homes from June)
83 Residential sales are pending and awaiting close (Down by 17 homes from June)
46 Homes Sold in July (Down by 8 homes from last month)
The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly though signs of reduced activity are showing up as the inventory increases and pending sales decrease.
The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.2 months (3.6 months in June). Still a sellers market for Hobe Sound residential sales. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The numbers for July 2015 were: 163 active listings, 90 pending sales and 55 closed sales. Better activity last year with less inventory to work with. A somewhat slower market for Hobe Sound this year compared with last year.
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