September 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The September 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed renewed activity as compared to both the last few months and last year. Closed sales were up by 12.9% (was down by 9.1% in August) while new sales under contract (new pending sales) decreased by 18.4% (was down by 0.8% in August).
The median sales price was up by 13.1% (up 7.8% in August) and the average sales price increased by 9.4% (was down by 14.2% in August). Like last year, it appears that sales prices are once again on the rise.
The inventory of available townhouses and condos decreased by 46 units from last month to 632 units which is down by 22.8% from last September. Current supply of inventory decreased to 6.1 months from the 6.6 month supply in August and is 23.8% lower than last year. The St. Lucie County townhouse and condo market is drifting back into a buyers market. An increase in inventory would help this segment grow faster.
Click here to view or download the full report:
September 2014 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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