May 2014 Monthly Market Detail St Lucie County Single Family Homes
May 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed strong market activity with continued rising prices, with increased volume from last year. Closed sales from last year were up by 28.7% (in April they were up by only 0.6%) and new sales under contract (new pending sales) increased by 3.2% (they were down by 4.9% last month).
Both median and average sales prices were up again (year to year) by 8.3% and 9.9% respectively from last May (For last month these figures were 12.2% and 10%). Continued strong price appreciation for St. Lucie single family homes.
The inventory of active listings decreased in May (from last month) by 44 homes to 2,035, which is still greater than last year by 22%. Current supply of inventory is only 4.6 months (an 18.3% increase from last year). Still a sellers market for the Saint Lucie County single family home market. While not as red hot as last year, it is still very positive and could still has room to slow to become a balanced market.
Click here to view or download the full report: May 2014 Monthly Market Detail St Lucie County Single Family Homes
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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