November 2013 Monthly Market Detail St Lucie County Single Family Homes
The November 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity. Closed sales were up 3.3% from last year (in October they were unchanged) and new sales under contract (new pending sales) decreased by 23.9% (they were down by 6.9% last month).
Both median and average sales prices were up (year to year) by 13.6% and 18.7% respectively year to year. 
The inventory of active listings rose in November (from last month) to 2213 homes, still down by 14.1% from last year. Current supply of inventory is only 5.1 months (a 14.1% decrease from last year). We’re still in a seller’s market for the St. Lucie County single family market, but some easing appears to be in progress. With the significant rise in prices as well as increasing mortgage rates, the current trend will continue to level. I expect to see a balanced market for the near future with slower price increase.
Please click on the links below to read the full Saint Lucie County single family market detail:
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November 2013 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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