Stuart FL 34996 Condo Market Report June 2018
STUART REAL ESTATE Snapshot for ZIP Code 34996, Condo Sales for June 2018
For June 2018 in the 34996 Zip Code area of Stuart, Florida :
There are currently 106 active condo listings (Down by 12 condos from last month).
38 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from May).
29 Condos Sold in June (Down by 11 condos from May)
The Stuart FL 34996 Condo Market of Stuart remains a very active market. Sales and pending sales were off from last month and the inventory continues to decline. Hopefully, this is just a seasonal slow down which is typical for condos in our area.
The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.7 months from May’s 3.0 months. Still in a strong sellers’ market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.
The numbers for June 2017 were: 132 active listings, 40 pending sales, and 26 closed sales. Very similar activity as compared to last year with a significantly lower number of available condos for sale (inventory).
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