September 2013 Monthly Market Detail St Lucie County Single Family Homes
The September 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for the past few months. Closed sales were up by 4.1% (in August they were up by 3.5%) and new sales under contract (new pending sales) increased by 12% (they were up by 17.8% last month).
Both median and average sales prices were up (year to year) by 14.2% and 15% respectively year to year.
The inventory of active listings rose in September (from last month) to 1947 homes, still down by 24.1% from last year. Current supply of inventory is only 4.5 months (a 33.6% decrease from last year) and unchanged from August. For September 2013 this remains a strong sellers market in the St Lucie County area. Lower inventory typically results in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. Prices have been rising because of the shortage of inventory and the slow recovery of the market.
Please click on the links below to read the full Saint Lucie County single family market detail:
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September 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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