Stuart FL 34996 Residential Market Report October 2018

By
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

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).

Stuart FL 34996 Residential Market Report October 2018

21 Residential sales are pending and awaiting close (Up by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2018

14 Homes Sold in October (Up by 1 home from September).

Stuart FL 34996 Residential Market Report October 2018

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.

Stuart FL 34996 Residential Market Report October 2018

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Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report October 2018

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Topic:
Real Estate Market Trends
Location:
Florida Martin County Stuart
Groups:
Market Reports
Advice for Sellers
Advice for Buyers
City and State Community & Marketing Reports
2018 Market Reports
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Rainmaker
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Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Specialist

Hi Gabe, thanks for keeping us up to date! It looks like inventory is pretty tight in the area.

Dec 05, 2018 06:05 PM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much, Gabe, for sharing this market report.

Have an outstanding month.

Dec 06, 2018 11:42 AM #2
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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