October 2013 Monthly Market Detail St Lucie County Townhouses and Condos
The October 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a second month drop from last years numbers. Year to year closed sales were down by 12.7% (was down by 28.6% in September) while new sales under contract (new pending sales) decreased by 13.6% (was down by 18% in September
Prices continued to rise however, year to year, with the median sales price up by 14.3% (up 12.6% in September) and the average sales price rose by 26% (was up by 14.6% in September).
The inventory of available townhouses and condos increased from last month to 835 units which is a decrease of 8% from last October. Current supply of inventory is now 8.5 months (a 9.7% decrease from last year). This segment of the market continues to be a buyers market and I anticipate some moderation in price increases in the coming months unless the sale volume picks up.
Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:
Click here to view or download the full report:
October 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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