Stuart FL 34996 Residential Market Report March 2018
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2018
For March 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 133 active listings (Increased by 3 homes from February).
48 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from February).
29 Homes Sold in March (Up by 15 homes from February).
The 34996 zip code area of the Stuart Florida residential real estate market had a very strong increase in sales from last month though the pending sales numbers could be stronger. We also could use a bit more inventory.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for March decreased slightly to 4.6 months as compared to February’s 9.3 months. Once again, back into a seller’s 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 2017 were: 167 active listings, 58 pending sales, and 36 closed sales. Better activity in March of 2017 but with a larger available number of homes for sale.
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Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate
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