October 2013 Monthly Market Detail St Lucie County Single Family Homes
The October 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 unchanged from last year (in September they were up by 4.1%) and new sales under contract (new pending sales) decreased by 6.9% (they were up by 12% last month).
Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year. 
The inventory of active listings rose in October (from last month) to 2104 homes, still down by 8.1% from last year. Current supply of inventory is only 4.9 months (a 18.3% decrease from last year). For October 2013 this remains a strong sellers market in the St Lucie County area. However with the significant rise in prices as well as increasing mortgage rates, the current trend appears to be leveling off as inventory also is starting to rebound. I expect continued good activity for the Saint Lucie County single family market but I wouldn’t be surprised to see a moderation in the rising values.
Please click on the links below to read the full Saint Lucie County single family market detail:
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October 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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