May 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The May 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded pretty well after a fairly difficult spring season. Closed sales were up by 24.6% (was down by 5.9% in April) while new sales under contract (new pending sales) decreased by 13.6% (was down by 4.6% in April). While a very nice increase in closed sales, the continuing decrease of pending sales is a bit troubling.
The median sales price was up by 1.2% (down 34.1% in April) and the average sales price decreased by 1.3% (was down by 2.3% in April). Last month was the first decrease in values in over a year. A nice rebound this month. It will be interesting to note if this trend continues.
The inventory of available townhouses and condos decreased by 41 units from last month to 815 units which is down by 7.8% from last May. Current supply of inventory decreased to 7.8 months from the 8.4 month supply in April and is 8.2% lower than last year. The St. Lucie County townhouse and condo market appears to be strengthening at present.
Click here to view or download the full report:
May 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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