Stuart FL 34996 Residential Market Report June 2017
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2017
For June 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 138 active listings (Down by 10 homes from May).
55 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from May).
41 Homes Sold in June (Increased by 15 homes from May).
The 34996 zip code area of the Stuart Florida residential real estate market continues with a very strong market. A large jump in closed sales with a small decrease in pending sales. As the inventory decreases, we will need to watch if this negatively affects this market segment in the future.
The one month absorption rate for the 34996 zip code area of Stuart Florida for June dropped to 3.4 months as compared to May’s 5.7 months. Into an even stronger 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 June of 2016 were: 158 active listings, 43 pending sales and 26 closed sales. Much better activity this year even with a smaller inventory of available homes.
Stuart Florida Real Estate presented by: