For April 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 57 active condo listings (Up by 1 condos from March).
19 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from March).
9 Condos Sold in April (Decreased by 11 condos from March).
The Stuart FL condo market for zip code 34997 showed slower activity for April after a red-hot March. Pending sales are off by quite a lot as were the closed sales. In great need of more condos available for sale in this area of Stuart FL.
The absorption rate jumped to 6.3 months in April compared to 2.4 months for March. Back into a balanced 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 April 2017 numbers were: 70 active listings, 44 pending sales, and 5 closed sales. Better closed activity this year even with a significantly reduced number of condos for sale. The pending numbers are not as good.