For April 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 276 active listings (Decreased by 21 homes from March).
166 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from March).
84 Homes Sold in April (Decreased by 8 homes from March)
The Stuart Florida Residential Market for ZIP Code 34997 remains very active. There is strong sales and pending activity. The decrease in inventory is troubling for the future of the market with the potential for much higher prices potentially pricing many out of this market.
The absorption rate was almost unchanged at 3.3 months (was 3.2 months for March). Remaining in a very strong seller’s market for the 34997 zip code area of Stuart for April 2018. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
The 2017 numbers for April, were: 330 active listings, 177 pending listings, and 80 closed sales. There’s considerably less inventory of available homes for sale this year. The sales activity remains very strong even compared to last year.
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