Stuart FL 34996 Residential Market Report October 2018
STUART REAL ESTATE Snapshot for ZIP Code 34996, Residential Sales for October 2018
For October 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 158 active listings (increased by 7 homes from September).
21 Residential sales are pending and awaiting close (Up by 2 homes from September).
14 Homes Sold in October (Up by 1 home from September).
The 34996 zip code area of the Stuart Florida improved marginally from last month. The inventory continued to rise, which is good. We also had slight increases in both pending and closed sales.
The one-month absorption rate for the 34996 zip code area of Stuart Florida for October dropped slightly to 11.3 months as compared to September’s 11.6 months. Remaining in a buyer’s market for the 34996 zip code area of Stuart FL but drifting towards 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 October 2017 were: 129 active listings, 30 pending sales, and 5 closed sales. Better sales numbers this year, but lower pending sales and a larger inventory of available homes for sale.
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