Stuart FL 34996 Residential Market Report November 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2016
For November 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 186 active listings (Up by 12 homes from October).
24 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from October).
9 Homes Sold in November (Decreased by 6 homes from October).
The 34996 zip code area of the Stuart Florida residential real estate market had a jump in inventory while decreasing activity in both pending and closed sales.
The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 20.6 months as compared to October’s 11.6 months. The fourth 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 November of 2015 were: 143 active listings, 34 pending sales and 6 closed sales. Inventory is considerably greater this year and pending sales are fewer with a little bit better closed sales volume.
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