January 2016 Monthly Market Detail St Lucie County Townhouses and Condos
The January 2016 Monthly Market Detail St Lucie County Townhouses and Condos continues to show strong activity but not quite as robust as compared to January of last year. Closed sales were up 4.9% from last year (was down 2.8% in December) while new sales under contract (new pending sales) decreased by 33.3% (was up by 5.6% in December).
The median sales price increased by 3.2% (up by 0.9% in December) while the average sales price was up by 10.0% (decreased 9.9% in December). Somewhat mixed signals for the first month of 2016 for prices for St Lucie County townhouses and condos.
The inventory of available townhouses and condos increased by 90 units from last month to 543 units, which is 8.8% less than January 2015. The current supply of inventory increased to 5.9 months as compared to last month’s 5.1 months, which is still 21.2% lower than last year. The St Lucie County townhouses and condos market continues as a sellers’ market but just barely. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
January 2016 Monthly Market Detail St Lucie County Townhouses and Condos
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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