May 2016 Monthly Market Detail St Lucie County Townhouses and Condos
The May 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a surprisingly strong may after a number of not so stellar months earlier. Closed sales were up 19.0% from last year (was up 2.9% in April) while new pending sales increased by 13.6% (was down by 8.5% in April).
Prices were mixed with the median sales price increasing by 3.6% (was up by 10.0% in April) while the average sales price decreased by 2.9% (increased 4.7% in April). 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 37 units from last month to 605 units, which is 4.1% greater than May 2015. The current supply of inventory dropped to 6.0 months, which is 5.3% greater than last year. The St Lucie County townhouses and condos market remains a balanced 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:
May 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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