May 2015 Monthly Market Detail St Lucie County Single Family Homes
May 2015 Monthly Market Detail St Lucie County Single Family Homes is struggling with the volume of sales while at the same time showing continued price increases. Closed sales were off by 19.8% (in April they were up by 12.1%) and new sales under contract (new pending sales) decreased by 31.3% (they were down by 18.7% last month).
Both median and average sales prices continue strong gains with increases of 18.2% and 13.1% respectively from last May (For April these numbers were 20.9% and 25.8%). These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area.
The inventory of active listings decreased in May (from last month) by 143 homes to 1,590, and this is lower than last year’s inventory by 21.9%. The current supply of inventory is only 3.3 months (a 27.2% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market. We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high. We remain in a pretty extreme sellers market for St Lucie County single family home sale.
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May 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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