August 2014 Monthly Market Detail St Lucie County Single Family Homes
August 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to show a robust single family home market. Closed sales from last year were up by 7.6% (in July they were up by 17.6%) and new sales under contract (new pending sales) decreased by 17.7% (they were up by 4.2% last month).
Both median and average sales prices were up again (year to year) by 9.6% and 14.3% respectively from last August (For last month these figures were 8.5% and 5.8%). The rate of appreciation had been slowing for the past few months, but for August it seems to have picked up again.
The inventory of active listings decreased in August (from last month) by 29 homes to 1,885, which is still greater than last year by 4%. Current supply of inventory is only 4.1 months (an 2.7% increase from last year). Still a strong sellers market for the Saint Lucie County single family home market. While inventory levels are higher than last year, they have been decreasing steadily for the last few months.
Click here to view or download the full report: August 2014 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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