Stuart FL 34996 Residential Market Report January 2017
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2017
For January 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 180 active listings (Up by 11 homes from December).
43 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from December).
10 Homes Sold in January (Decreased by 7 homes from December).
The 34996 zip code area of the Stuart Florida residential real estate market slowed for the beginning of 2017 with an increase in inventory and a decrease in closed sales. Pending sales remain strong so we should see improved numbers in the next few months.
The one month absorption rate for the 34996 zip code area of Stuart Florida for January jumped to 18.0 months as compared to December’s 9.9 months. Once again a strong buyers’ market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for January of 2016 were: 160 active listings, 42 pending sales and 10 closed sales. Very similar closed and pending sales, though there’s greater inventory for this year.
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Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate
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