November 2013 Monthly Market Detail St Lucie County Townhouses and Condos
The November 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed the third month in a row of decreases in sales volume from last years numbers. Year to year closed sales were down by 17.5% (was down by 12.7% in October) while new sales under contract (new pending sales) decreased by 5.4% (was down by 13.6% in October
Prices continued to rise however, year to year, with the median sales price up by 40% (up 14.3% in October) and the average sales price rose by 31.4% (was up by 26% in October).
The inventory of available townhouses and condos increased from last month to 852 units which is a decrease of 7.8% from last November. Current supply of inventory rose slightly from last month to 8.8 months (still a 7.8% decrease from last year). This segment of the market continues to be a buyers market and unless there’s a moderation in the price increases, I see no change in the easing of the volume of closed and pending sales.
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November 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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