June 2016 Monthly Market Detail St Lucie County Townhouses and Condos
The June 2016 Monthly Market Detail St Lucie County Townhouses and Condos showed continued strong closed sales activity. Closed sales were up 5.7% from last year (was up 19.0% in May) while new pending sales unfortunately decreased by 14.8% (was up by 13.6% in May).
Prices continued to rise with the median sales price increasing by 23.6% (was up by 3.6% in May) while the average sales price increased by 1.4% (decreased 2.9% in May). St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.
The inventory of available townhouses and condos decreased by 39 units from last month to 566 units, which is only 0.2% greater than June 2015. The current supply of inventory dropped to 5.6 months, which is equal to last year. The St Lucie County townhouses and condos has once again swung back into a sellers market. 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:
June 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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