St. Lucie County Townhouses and Condos 2022 2nd Quarter Report

St. Lucie County Townhouses and Condos 2022 2nd Quarter Report

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 2nd Quarter of 2022.

St. Lucie County Townhouses and Condos 2022 2nd Quarter Report

For the 2nd quarter of 2022, the Saint Lucie Count townhouses and condo real estate market had weaker sales volume and higher sales prices when compared to the 2nd quarter of 2021.  The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

St. Lucie County Single Family Homes 2022 2nd Quarter Report

St. Lucie County Single Family Homes 2022 2nd Quarter Report

Click the image below to view the full details of the St. Lucie County single-family market report data as reported by St. Lucie County Realtor.

St. Lucie County Single Family Homes 2022 2nd Quarter Report

Sales volume declined and prices increased in the 2nd quarter of 2022 when compared to the same period last year.  The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view, the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Townhouses and Condos 2022 2nd Quarter Report

Martin County Townhouses and Condos 2022 2nd Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2022 2nd Quarter Report

For Martin County townhouses and condos the sales volume declined while prices rose in the 2nd quarter of 2022 when compared to the same period last year. The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view the full report, click on the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Townhouses and Condos 2022 2nd Quarter Report

Martin County Single Family Homes 2022 2nd Quarter Report

Martin County Single Family Homes 2022 2nd Quarter Report

Click the image below to view the full details of the Martin County Single Family Homes quarterly data as reported by Martin County Realtors.

Martin County Single Family Homes 2022 2nd Quarter Report

The Martin County single-family home market had weaker sales volume and higher prices when compared to the 2nd quarter of 2021. The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2022 2nd Quarter Report

St Lucie County Townhouses and Condos June 2022 Market Report

St Lucie County Townhouses and Condos June 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 38.8% from last year (were down by 34.7% in May). New pending sales were down by 36.4% for May (they were down by 29.5% last month).

Prices are still rising. The median price increased by 44.8% from last year (was up by 18.4% in May) and the average sales price increased by 28.9% (was up by 24.1% in May).

The inventory of available townhouses and condos increased by 38 units from last month to 201 residences. This is 24.8% greater inventory than we had in June 2021. The current inventory supply is 1.8 months, as compared to 1.1 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos June 2022 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos May 2022 Market Report