There are currently 328 active listings (Decreased by 3 homes from October).
138 Residential sales are pending and awaiting close or lender approval (Up by 6 homes from October).
62 Homes Sold in November (Increased by 4 homes from October)
The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate. Novembers results continued to improve from the previous month and both sales and pending sales are at good sustainable levels.
The absorption rate decreased slightly to 5.3 months (was 5.7 months for October). Sliding back into more of a sellers market. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2015 numbers for November, were: 311 active listings, 164 pending listings and 65 closed sales. Weaker activity for 2016 as compared to last year, but still an active market.