October 2015 Monthly Market Detail St Lucie County Townhouses and Condos
The October 2015 Monthly Market Detail St Lucie County Townhouses and Condos had a decreased volume of closed sales. These were down 5.4% from last year (was up 2.1% in September) while new sales under contract (new pending sales) increased by 1.8% (was down by 23.0% in September).
The median sales price decreased by 6.1% (down 5.4% in September) while the average sales price was unchanged (was up by 9.5% in September). Prices have now stopped increasing and are correcting a bot from their previous values.
The inventory of available townhouses and condos decreased by 6 units from last month to 556 units, which is also down from last October by 16.3%. Current supply of inventory remained unchanged from last month’s 5.3 months. This is 16.3% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, though approaching a balanced one. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers. This market is one of the only Treasure Coast segments to see a drop in inventory for October.
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October 2015 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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