Stuart FL 34994 Condo Market Report May 2018

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Stuart FL 34994 Condo Market Report May 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2018

For May 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 81 active condo listings (Down by 16 condos from April).

Stuart FL 34994 Condo Market Report May 2018

68 Condo sales are pending and awaiting close or lender approval. (Decreased by 7 condos from last month) 

Stuart FL 34994 Condo Market Report May 2018

34 Condos Sold in April (Increased by 6 condos from April).

Stuart FL 34994 Condo Market Report May 2018

The Stuart FL 34994 Condo market is now into historic low inventory levels which I have not seen before.  Yet the volume of both pending and closed sales rose for May.  This activity may not be sustainable if the inventory continues to drop.

The absorption rate for April dropped to 2.4 months compared to last month’s 3.5.  Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last May the numbers were 85 active listings, 41 pending sales, and 18 closed sales.  A much better volume of closed and pending sales for this year when compared to last.

Stuart FL 34994 Condo Market Report May 2018

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Stuart FL 34994 Condo Market Report May 2018 

 

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Real Estate Market Trends
Location:
Florida Martin County Stuart
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Market Reports
Advice for Sellers
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City and State Community & Marketing Reports
2018 Market Reports
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Rainmaker
884,584
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Gabe Sanders - Those clients in Stuart FL will be happy to have this rich information. Nice job!

Jun 26, 2018 04:35 PM #1
Rainmaker
1,079,735
Michele Cadogan-Cell 917-861-9166
Fillmore Real Estate 2926 Ave J Brooklyn NY 11210 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Hoping that someone in the market to purchase a condo in Stuart Florida will use this condo market report and contact you regarding purchasing one of those available 81 condos for sale.

Jun 26, 2018 05:19 PM #2
Rainmaker
4,043,608
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Jun 27, 2018 03:20 AM #3
Rainmaker
2,896,111
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hello Gabe --- you're a marketing report machine!  You consistently share your knowledge.  Good job.

Jun 27, 2018 05:16 AM #4
Rainmaker
4,645,486
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Stuart condo sellers will be in very good hands when they select you as their listing agent.

Jun 27, 2018 06:10 AM #5
Rainmaker
1,396,637
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for sharing and keeping us up to date. Best of luck!

Jun 27, 2018 07:35 AM #6
Rainmaker
4,304,322
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my post.

Jul 08, 2018 06:27 AM #7
Rainmaker
4,304,322
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For those interested, here’s a link for more information about Stuart FL real estate.

Jul 08, 2018 06:27 AM #8
Rainmaker
4,304,322
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Martin County FL real estate.

Jul 08, 2018 06:27 AM #9
Rainmaker
4,304,322
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my website for a complete list of current and past market data.

Jul 08, 2018 06:29 AM #10
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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