Stuart FL 34996 Residential Market Report December 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2016
For December 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 169 active listings (Down by 17 homes from November).
31 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from November).
17 Homes Sold in December (Increased by 8 homes from November).
The 34996 zip code area of the Stuart Florida residential real estate market showed a nice strong finish for the end of the year with improved sales and pending activity along with a drop in inventory.
The one month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 9.9 months as compared to November’s 20.6 months. Still a buyers’ market for the 34996 zip code area of Stuart FL but trending in the right direction. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for December of 2015 were: 170 active listings, 24 pending sales and 12 closed sales. The end of 2016 had stronger activity when compared to the finish of 2015.
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