Stuart FL 34996 Residential Market Report May 2018
STUART REAL ESTATE Snapshot for ZIP Code 34996, Residential Sales for May 2018
For May 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 115 active listings (Decreased by 13 homes from April).
41 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from April).
20 Homes Sold in May (Down by 8 homes from April).
The 34996 zip code area of the Stuart Florida residential real estate market continues to be active but with weaker activity than last month. The inventory of available homes for sale is becoming an issue and may continue to affect the volume of sales in the near future.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for May rose to 5.8 months as compared to April’s 4.6 months. Remaining as a seller’s market for the 34996 zip code area of Stuart FL but on the brink of transitioning into a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7-month absorption rate.
The numbers for May 2017 were: 148 active listings, 64 pending sales, and 26 closed sales. There was considerably stronger activity last year but with a much greater number of available homes for sale.
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