January 2015 Monthly Market Detail St Lucie County Single Family Homes
January 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors began the year with a bit of a whimper as compared to last years activity. Closed sales were unchanged (in December they were up by 6.7%) and new sales under contract (new pending sales) decreased by 5.7% (they were up by 10.5% last month).
Both median and average sales prices were up significantly (year to year) by 23.4% and 17.9% respectively from last January (For December these numbers were 16.3% and 14.8%). Stronger increases in value at more than triple the statewide averages. While this is an excellent metric for prospective home sellers, it is a bit of a concern for future sales as St Lucie County homes are rapidly becoming more expensive.
The inventory of active listings increased in January (from last month) by 96 homes to 1,748, which is still lower than last year’s inventory by 14.3%. The current supply of inventory is only 3.8 months (a 24.4% decrease from last year). A very strong sellers market for the Saint Lucie County single family home market. Hopefully we will continue to see strong results for the single family real estate market in St Lucie County.
Click here to view or download the full report:
January 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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