St Lucie County Single Family Homes March 2017 Market Detail
St Lucie County Single Family Homes Market Detail for March 2017 showed improved activity for the month. Closed sales were up by 11.6% (in February they were up by 5.1%) and new sales under contract (new pending sales) increased by 4.4% (they were down by 0.5% last month).
Prices continue to show very strong increases. The median and average sales prices up by 15.7% and 14.9% respectively from last March (For February these numbers were up 18.2% and 16.6%). While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.
Active listings decreased by 74 homes to 1,740 homes. This inventory is 8.0% lower than last year. The current supply of homes is at 3.9 months (was 4.1 months for February) This is 4.9% lower than last year. The St Lucie County single family home market remains a strong sellers market. A balanced market is one with a 6 to 7 month supply of inventory.
Click here to view or download the full report:
St Lucie County Single Family Homes March 2017 Market Detail
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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