April 2015 Monthly Market Detail St Lucie County Single Family Homes
April 2015 Monthly Market Detail St Lucie County Single Family Homes is struggling with the volume of sales while at the same time showing strong price increases. Closed sales were up by 12.1% (in March they were up by 3.8%) and new sales under contract (new pending sales) decreased by 18.7% (they were down by 15% last month).
Both median and average sales prices continue their impressive gains with increases of 20.96% and 25.8% respectively from last April (For March these numbers were 15.4% and 20.3%). These price increases, while good news for sellers, are having a negative effect on the volume of sales.
The inventory of active listings decreased in April (from last month) by 64 homes to 1,733, and this is lower than last year’s inventory by 11.7%. The current supply of inventory is only 3.4 months (a 30.3% 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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April 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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