For March 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 56 active condo listings (Up by 2 condos from February).
23 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from February).
22 Condos Sold in March (Increased by 5 condos from February).
The Stuart FL condo market for zip code 34997 has a very low inventory of available condos for sale yet is showing strong activity with what is available.
The absorption rate dropped to 2.4 months in March compared to 3.2 months for February. Back into a strong sellers’ market for the 34997 zip code of Stuart FL. A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The March 2017 numbers were: 75 active listings, 44 pending sales, and 18 closed sales. Better closed activity this year even with a significantly reduced number of condos for sale..