Palm City FL 34990 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

Palm City FL 34990 Residential Market Report January 2019

 PALM CITY REAL ESTATE Snapshot for ZIP Code 34990, Residential Sales for January 2019

For January 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 391 active listings (Up by 52 homes from December)

Palm City FL 34990 Residential Market Report January 2019

121 Residential sales are pending (Up by 27 homes from last month)

Palm City FL 34990 Residential Market Report January 2019

47 Homes Sold in September (Unchanged from December)

Palm City FL 34990 Residential Market Report January 2019

The Palm City FL, zip code 34990 residential real estate market had a much-needed increase in inventory and pending sales volume.  This should result in increased sales numbers in the coming months.
 
The monthly absorption rate increased to 8.3 months from 6.1 months in December.  Into a buyer’s 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 January 2018 numbers were:  416 active listings, 113 pending sales, and 48 closed sales. Slightly better activity on a smaller inventory of available homes for sale this year when compared to 2018.

Palm City FL 34990 Residential Market Report January 2019

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Palm City FL 34990 Residential Market Report January 2019

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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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Rainmaker
5,426,004
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Have a most productive March.

Mar 01, 2019 08:25 AM #1
Rainer
454,228
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.

 

Mar 02, 2019 12:08 AM #2
Rainmaker
4,797,528
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my post.

Mar 09, 2019 08:46 AM #3
Rainmaker
4,797,528
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 09, 2019 08:46 AM #4
Rainmaker
4,797,528
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 09, 2019 08:46 AM #5
Rainmaker
4,797,528
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 08:46 AM #6
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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