September 2016 Monthly Market Detail St Lucie County Townhouses and Condos
The September 2016 Monthly Market Detail St Lucie County Townhouses and Condos picked up a little from last month and remains quite strong. Closed sales were unchanged from last year (was down 3.8% in August) while new pending sales decreased by 5.1% (was down by 2.9% in August).
Prices continue to increase, though at a more moderate pace than in past months, with the median price up by 6.5% (was up by 23.0% in August) while the average sales price increased by 5.9% (was up by 10.8% in August). These increases are much more in line with continued moderate gains for year to year in the future.
The inventory of available townhouses and condos decreased by 19 units from last month to 507 units, which is 6.3% less than September 2015. The current supply of units is 5.1 months, which is 3.8% lower than the 5.3 months of inventory last year. The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
September 2016 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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