Hobe Sound FL 33455 Condo Market Report May 2018
HOBE SOUND REAL ESTATE Snapshot for ZIP Code 33455, Condo Sales for May 2018
For May 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 6 active condo listings. (Decreased by 2 condos from April)
5 Condos are pending and awaiting close. (Unchanged from April)
1 Condos sold in May. (Decreased by 6 condos from April)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We saw a further decline in inventory which is not a good sign for future sales volume.
The absorption rate for Hobe Sound condos was 6 months for May as compared to 1.1 months in April). 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 May 2017 numbers were: 16 active listings, 5 pending sales, and 2 closed sales. Much stronger activity last year with more than double the inventory of available condos for sale.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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