October 2015 Monthly Market Detail St Lucie County Single Family Homes
October 2015 Monthly Market Detail St Lucie County Single Family Homes showed basically unchanged closed sales from last year with a troubling reduced number of new pending sales. Closed sales were up by 0.4% (in September they were down by 4.3%) and new sales under contract (new pending sales) decreased by 26.8% (they were down by 16.2% last month).
The median and average sales prices however continue their relentless march higher with increases of 14.1% and 16.1% respectively from last October (For September these numbers were 15.3% and 15.6%).
The increasing prices are one possible reason for the welcome increase of inventory. Active listings increased in October (from last month) by 77 homes to 1,675, though this is still lower than last year’s inventory by 8.6%. The current supply of inventory is 3.6 months (a 7.7% decrease from last year). The Saint Lucie County single family home market remains in a strong sellers market. Hopefully, we will once again see increasing volume of sales as the inventory increases.
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October 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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