Stuart FL 34996 Residential Market Report March 2017
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2017
For March 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 167 active listings (Up by 1 homes from February).
58 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from February).
36 Homes Sold in March (Increased by 24 homes from February).
The 34996 zip code area of the Stuart Florida residential real estate market continued to pick up for March 2017 with a large increase in closed sales and still strong pending sales even if off by a few homes from last month.
The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 4.6 months as compared to February’s 13.8 months. Transitioning back into a strong sellers 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 March of 2016 were: 163 active listings, 51 pending sales and 23 closed sales. Better activity this year as compared to last March.
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