Stuart FL 34996 Residential Market Report October 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2016
For October 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 174 active listings (Up by 13 homes from September).
25 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from September).
15 Homes Sold in October (Increased by 2 homes from September).
The 34996 zip code area of the Stuart Florida residential real estate market improved for October 2016 after a weaker previous two months.
The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 11.6 months as compared to September’s 12.4 months. The third month in a row as a buyers’ market for the 34996 zip code area of Stuart FL after a long string of being in a sellers market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for October of 2015 were: 161 active listings, 17 pending sales and 12 closed sales. Improved sales activity from last year with an increase in inventory as well.
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