Hobe Sound FL 33455 Condo Market Report March 2018
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2018
For March 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 9 active condo listings. (Decreased by 1 condos from February)
9 Condos are pending and awaiting close. (Up by 5 condos from February)
2 Condos sold in March. (Increased by 1 condo from February)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales and pending sales were both up for this month.
The absorption rate for Hobe Sound condos was 4.5 months for March as compared to 10.0 months in February). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The March 2017 numbers were: 16 active listings, 4 pending sales, and 4 closed sales. Stronger activity last year for Hobe Sound condo sales, but better pending activity this year with much lower inventory.
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