May 2015 Monthly Market Detail St Lucie County Townhouses and Condos
The May 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very difficult month of May for the volume of sales. Closed sales were down by 30.6% (was up by 8.6% in April) while new sales under contract (new pending sales) decreased by 25.8% (was down by 21.5% in April).
The median sales price increased by 11.5% (down 19.5% in April) and the average sales price increased by 16.5% (was up by 0.8% in April). Back to price increases after a setback last month.
The inventory of available townhouses and condos decreased by 38 units from last month to 596 properties, which is also down from last May by 26.9%. Current supply of inventory decreased to 5.7 months, from April’s 5.9 months. This is 27.0% lower than last year. The St Lucie County townhouse and condo market is now in a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers. Unfortunately, there’s not enough inventory to sustain a growing volume of sales.
Click here to view or download the full report:
May 2015 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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