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Palm City FL 34990 Residential Market Report September 2016

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Palm City FL 34990 Residential Market Report September 2016

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2016

 

For September 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 377 active listings (Decreased by 14 homes from August)

Palm City FL 34990 Residential Market Report September 2016

 121 Residential sales are pending and awaiting close or lender approval. (Up by 5 homes from last month)

Palm City FL 34990 Residential Market Report September 2016

54 Homes Sold in August (Down by 14 homes from August)

Palm City FL 34990 Residential Market Report September 2016

The Palm City FL, zip code 34990 residential real estate market activity eased again for September.  Closed sales were off while pending sales increased slightly.  The inventory also decreased which is just the opposite of whats been happening this month in the Stuart markets.
 
The monthly absorption rate increased to to 7 months from 5.8 months in August.  Drifting towards a buyers market for the first time in a few years for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn't favor either sellers or buyers.

The September 2015 numbers were:  365 active listings, 155 pending sales and 60 closed sales.  Better activity last year.  Hopefully this is just a monthly phenomenon and we'll increase our Palm City single family home sales in the coming months.

Palm City FL 34990 Residential Market Report September 2016

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by: the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report September 2016

Comments (12)
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Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Gabe Sanders - there is lots of activity in Palm City.  It would be a good idea for buyers to have you help them negotiate the best deal for a home in their price range. 

Oct 26, 2016 05:38 AM
Yolanda Cordova-Gilbert
Richmond, TX

Gabe,

 GOod market report for the residential side of Palm City!

Oct 27, 2016 07:01 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Gabe Sanders - A wonderful real estate market update for the Palm City, FL 34990 area!  With so many great places to live in the greater Palm City area, you're the best agent to help buyers make the right choice!

Oct 27, 2016 07:02 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Gabe, excellent write up on Palm City FL 34990 Residential Market Report.  It is hard to believe that a house has 1400 DOM. I guess they are patient. 

Oct 27, 2016 10:45 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You are the real expert in the area, Gabe. Great job in presenting the facts.

Oct 27, 2016 11:41 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

What great real estate information on the Palm City, FL area. Both buyers and sellers will appreciate having this information available. 

Oct 27, 2016 12:18 PM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Gabe: Good review of what is going on in the Palm City Florida real estate market. Both buyers and sellers will appreciate this information.

Oct 27, 2016 07:40 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Gabe - your at-a-glance market report is a good overview of Palm City real estate.  The next step for anyone looking to make a move is to contact you to tap in to your wealth of local knowledge.  

Oct 28, 2016 12:48 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your Palm City real estate market reports.

It is getting chilly in Maryland and more retirees will be heading your way to find a home in the sun.

Oct 28, 2016 03:30 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks. Your comments are always appreciated!

Nov 10, 2016 11:21 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Palm City, FL real estate.

Nov 10, 2016 11:21 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Nov 10, 2016 11:21 PM
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