For June 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 50 active condo listings (Unchanged from May).
26 Condo sales are pending and awaiting close (Also unchanged from May).
18 Condos Sold in June (Increased by 1 condos from May).
The Stuart FL condo market for zip code 34997 had identical activity to last month with the exception of one additional closed sale this month.
The absorption rate inched down to 2.8 months in June compared to 2.9 months for May. Remaining in a strong seller’s market for the 34997 zip code of Stuart FL. A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The June 2017 numbers were: 50 active listings, 33 pending sales, and 7 closed sales. Better sales activity this year while the pending sales were a bit stronger last year. The inventory remained unchanged from last year as well.