May 2013 Monthly Market Detail St Lucie County Townhouses and Condos
Excellent activity continues for the May 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors. Year to year closed sales were up by 12.5% and new sales under contract (new pending sales) increased by 43.4%
The median sales price dipped slightly by 4.1% and the average sales price was off by 1.1% from May of last year.
The inventory of available townhouses and condos have decreased to 884 units which id down by 26.9% from last May. Current supply of inventory is now 8.5 months (a 41.4% decrease from last year). While these results are not quite as strong as in the single family market, they still show strong gains from previous years. It is just a matter of time before prices start rising a bit more dramatically. This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.
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Click here to view or download the full report:
May 2013 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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