Hobe Sound FL 33455 Condo Market Report April 2018
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2018
For April 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 8 active condo listings. (Decreased by 1 condos from March)
5 Condos are pending and awaiting close. (Down by 4 condos from March)
7 Condos sold in April. (Increased by 5 condos from March)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Good sales results for April but the ultra-low inventory of available condos for sale will negatively affect future activity.
The absorption rate for Hobe Sound condos was 1.1 months for April as compared to 4.5 months in March). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The April 2017 numbers were: 15 active listings, 6 pending sales, and 4 closed sales. Better closed sales numbers this year, but also a greatly reduced inventory of available condos for sale.
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