July 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The July 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year as well as the past two months. Closed sales were down by 10.4% (was up by 15.5% in June) while new sales under contract (new pending sales) decreased by 11.9% (was up by 6% in June).
The median sales price was down by 1.4% (down 4.6% in June) and the average sales price increased by 2.4% (was down by 1.8% in June). This is now the fourth month of either decreasing values or just holding steady. Prices rose very rapidly last year, this is most likely a small correction.
The inventory of available townhouses and condos decreased by 36 units from last month to 720 units which is down by 11.5% from last July. Current supply of inventory decreased to 6.9 months from the 7.2 month supply in June and is 11.8% lower than last year. The St. Lucie County townhouse and condo market appears to be in a balanced market for now. An increase in inventory would help this segment grow faster.
Click here to view or download the full report:
July 2014 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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