Stuart FL 34997 Residential Market Report January 2019

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

Stuart FL 34997 Residential Market Report January 2019

STUART FLORIDA REAL ESTATE Snapshot for ZIP Code 34997, Residential Sales for January 2019

For January 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 348 active listings (Increased by 7 homes from December).

Stuart FL 34997 Residential Market Report January 2019 

158 Residential sales are pending and awaiting close or lender approval (Up by 65 homes from December).

 Stuart FL 34997 Residential Market Report January 2019

52 Homes Sold in January (Decreased by 18 homes from December)

Stuart FL 34997 Residential Market Report January 2019

      The Stuart Florida Residential Market for ZIP Code 34997 had a sizeable drop in closed sales for the first month of the year.  I think this is only temporary as we had an impressive jump in pending sales.  This should show up with increased closed sales in the next couple of months.
 
     The absorption rate rose to 6.7 months (was 4.9 months for December).  Now, a balanced market for the 34997 zip code area of Stuart for January 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
 
     The 2017 numbers for January, were: 292 active listings, 144 pending listings, and 58 closed sales.  Slightly better-closed sales activity last year on a reduced inventory.  There is a better number of pending sales this year.
 
Stuart FL 34997 Residential Market Report January 2019

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Stuart FL 34997 Residential Market Report January 2019

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Florida Martin County Stuart
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Market Reports
Advice for Sellers
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2018 Market Reports
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Rainmaker
4,432,850
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Feb 26, 2019 04:31 PM #1
Rainmaker
611,355
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 26, 2019 09:35 PM #2
Rainmaker
5,831,369
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Gabe, for sharing your local market reports.

Feb 27, 2019 08:42 AM #3
Rainmaker
4,798,723
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 09, 2019 08:48 AM #4
Rainmaker
4,798,723
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 09, 2019 08:48 AM #5
Rainmaker
4,798,723
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For those interested, here’s a link for more information about Stuart FL real estate.

Mar 09, 2019 08:49 AM #6
Rainmaker
4,798,723
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for stopping by. Your comments are always appreciated!

Mar 09, 2019 08:49 AM #7
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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