June 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The June 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors has shown a second strong month after a somewhat difficult spring season. Closed sales were up by 15.5% (was up by 24.6% in May) while new sales under contract (new pending sales) increased by 6% (was down by 13.6% in May). Nice to see both trends in a positive direction.
The median sales price was down by 4.6% (up 1.2% in May) and the average sales price decreased by 1.8% (was down by 1.3% in May). This is now the third month of either decreasing values or just holding steady. While many would like to see values continue to rise, buyers are hoping for the opposite.
The inventory of available townhouses and condos decreased by 59 units from last month to 756 units which is down by 7% from last June. Current supply of inventory decreased to 7.2 months from the 7.8 month supply in May and is 9.2% lower than last year. The St. Lucie County townhouse and condo market appears to be strengthening for now, though the reduction in inventory is troubling for future volume.
Click here to view or download the full report:
June 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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