January 2016 Monthly Market Detail St Lucie County Single Family Homes
January 2016 Monthly Market Detail St Lucie County Single Family Homes had weaker sales volume while still quite active and continued rising values. Closed sales were down by 8.8% (in December they were up by 0.2%) and new sales under contract (new pending sales) decreased by 34.4% (they were down by 17.9% last month).
Though even with the reduced volume, prices continue to rise with both median and average sales prices up by 21.2% and 20.3% respectively from last January (For December these numbers were 19.2% and 16.4%).
Active listings jumped up in January (from last month) by 181 homes to 1,935, surpassing last years’ inventory for the first time in two years by 5.0%. The current supply of inventory is 4.2 months (a 3.8% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as strong as last year.
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January 2016 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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