September 2015 Monthly Market Detail St Lucie County Townhouses and Condos
The September 2015 Monthly Market Detail St Lucie County Townhouses and Condos continues to gain in some aspects though at a slower pace than the past few months. Closed sales were up 2.1% from last year (was up 6% in August) while new sales under contract (new pending sales) decreased by 23.0% (was down by 13.3% in August).
The median sales price decreased by 5.4% (up 9.7% in August) while the average sales price increased by 9.5% (was up by 19.6% in August). Still rising, though at a slightly slower rate of increase.
The inventory of available townhouses and condos increased by 8 units from last month to 562 properties, which is still down from last September by 11.1%. Current supply of inventory increased slightly to 5.3 months, from August’s 5.2 months. This is 12.3% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers. The shortage of inventory is hurting the sales volume and continues to impart strong upward pressure on prices.
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September 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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