Hobe Sound FL 33455 Condo Market Report June 2018
HOBE SOUND REAL ESTATE Snapshot for ZIP Code 33455, Condo Sales for June 2018
For June 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 4 active condo listings. (Decreased by 2 condos from May)
5 Condos are pending and awaiting close. (Unchanged from May)
3 Condos sold in June. (Increased by 2 condos from May)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.
The absorption rate for Hobe Sound condos was 1.3 months for June as compared to 6 months in May). 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 June 2017 numbers were: 15 active listings, 4 pending sales, and 3 closed sales. Similar sales and pending activity to last year on an inventory that is two thirds less.
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