October 2014 Monthly Market Detail St Lucie County Single Family Homes
October 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to show a robust single family home market. Closed sales from last year were up by 21.4% (in September they were up by 31.8%) and new sales under contract (new pending sales) decreased by 17.7% (they were up by 15.6% last month).
Both median and average sales prices were up again (year to year) by 12.8% and 8.5% respectively from last October (For last month these figures were 17.8% and 16.4%). The early spring and summer had a more moderate rate of appreciation as compared to last year, but it appears to have gained momentum once again for the past three months.
The inventory of active listings decreased in October (from last month) by 30 homes to 1,832, which is now under last year’s inventory by 11.4%. The current supply of inventory is only 3.8 months (a 20.1% decrease from last year). A strong sellers market for the Saint Lucie County single family home market. Inventory will soon become a problem as it has been decreasing for many months in a row.
Click here to view or download the full report: October 2014 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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