August 2015 Monthly Market Detail St Lucie County Single Family Homes
August 2015 Monthly Market Detail St Lucie County Single Family Homes showed continuing decreases in volume of sales as compared to last year while prices continue their march higher. Closed sales were down by 5.3% (in July they were up by 7.4%) and new sales under contract (new pending sales) decreased by 12.2% (they were down by 13.4% last month).
Both median and average sales prices continue their gains with increases of 13.5% and 9.7% respectively from last August (For July these numbers were 20.1% and 17.3%). It’s the decreasing inventory that is one factor in the continuing rise in prices.
The inventory of active listings increased in August (from last month) by 35 homes to 1,559, and this is lower than last year’s inventory by 17.3%. The current supply of inventory is only 3.3 months (a 19.8% decrease from last year). The Saint Lucie County single family home market remains a very strong sellers market. We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.
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August 2015 Monthly Market Detail St Lucie County Single Family Homes
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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