December 2014 Monthly Market Detail St Lucie County Single Family Homes
December 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce year to year improvements. Though, for December the volume of sales increases has declined a little, while prices continue to rise quite strongly. Closed sales from last year were up by 6.7% (in November they were up by 12.7%) and new sales under contract (new pending sales) increased by 10.5% (they were down by 19.9% last month).
Both median and average sales prices were up again (year to year) by 16.3% and 14.8% respectively from last December (For last month these figures were 11.9% and 5.2%). Better increases than last month and more than double the state averages.
The inventory of active listings decreased in December (from last month) by 46 homes to 1,748, which is also lower than last year’s inventory by 20%. The current supply of inventory is only 3.6 months (a 29.5% decrease from last year). A strong sellers market for the Saint Lucie County single family home market. This reduced inventory is exerting strong pressure on keeping price increases high. When and if more inventory comes on line, I expect price increases to moderate considerably.
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December 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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