Palm City FL 34990 Residential Market Report December 2018

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

Palm City FL 34990 Residential Market Report December 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2018

For December 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 349 active listings (Down by 7 homes from November)

Palm City FL 34990 Residential Market Report December 2018

94 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from last month)

Palm City FL 34990 Residential Market Report December 2018

57 Homes Sold in September (Down by 9 homes from November)

Palm City FL 34990 Residential Market Report December 2018

The Palm City FL, zip code 34990 residential real estate market showed reduced activity for December from the previous month and has transitioned into a balanced market.
 
The monthly absorption rate increased to 6.1 months from 5.4 months in November.  Transitioning into a balanced market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2017 numbers were:  381 active listings, 96 pending sales, and 66 closed sales. Slightly less volume of sales and pending sales this year but this is on a significantly lower inventory of available homes for sale.

Palm City FL 34990 Residential Market Report December 2018

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Palm City FL 34990 Residential Market Report December 2018

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Topic:
Real Estate Market Trends
Location:
Florida Martin County Palm City
Groups:
Market Reports
Advice for Sellers
Advice for Buyers
City and State Community & Marketing Reports
2018 Market Reports
Tags:
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Ambassador
3,112,611
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You have a lot of competition but very few share their knowledge like you do Gabe. Thank you 

Feb 01, 2019 10:00 PM #1
Rainmaker
3,209,278
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe, love the wide range of price points from the low end to the high end, reminds me of my market just add a few zero's to it, Endre

Feb 01, 2019 10:55 PM #2
Rainer
451,122
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 01, 2019 11:26 PM #3
Rainmaker
5,422,613
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

As soon as they can dig out of the snow, more Maryland retirees will be heading your way.

Feb 02, 2019 08:19 AM #4
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments. It’s always good to hear from you.

Mar 02, 2019 07:35 AM #5
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Palm City, FL real estate.

Mar 02, 2019 07:35 AM #6
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Martin County FL real estate.

Mar 02, 2019 07:35 AM #7
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my website for a complete list of current and past market data.

Mar 02, 2019 07:35 AM #8
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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