March 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The March 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a continuing trend of disappointing results for volume of sales after a good start to the year in January. Year to year closed sales were down by 21.3% (was down by 8.2% in February) while new sales under contract (new pending sales) decreased by 9.9% (was down by 28.2% in February). The decrease in pending sales is much less than last month which is at least a small positive. Much of this decrease can be attributed to a decrease in inventory from last year as well as the rapidly increasing prices.
The median sales price up by 21.1% (up 15% in February) and the average sales price increased by 7.4% (was up by 14.4% in February).
The inventory of available townhouses and condos decreased by 6 units from last month to 895 units which is still down by 13.1% from last March. Current supply of inventory remained inched up from last month to 9.6 months (a 0.3% increase from last year). This is a buyers market at present and will most likely continue until inventory increases and price rises moderate to a more sustainable rate.
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March 2014 Monthly Market Detail St Lucie County Townhouses and Condos
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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