Palm City FL 34990 Condo Market Report February 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2018
For February 2018 in the 34990 Zip Code area of Palm City, Florida :
There are currently 103 active condo listings. (Increased by 1 condos from January)
10 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)
4 Condos Sold in February. (Down by 9 condos from January)
The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For February closed sales were off from last month. Inventory and pending sales showed incrementalimprovements.
The current absorption rate for condos in the 34990 zip code area shot up to 25.8 months (was 6.8 months in July). A very strong buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2017 numbers were: 92 active listings, 11 pending sales, and 6 closed sales. Slightly better activity last year even on a reduced number of condos available for sale (inventory).
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation
Click on this link and fill out the form for an accurate personal evaluation
Stuart Florida Real Estate presented by:
Gabe Sanders
Palm City Florida Real Estate presented by:
Gabe Sanders
Comments (6)Subscribe to CommentsComment