St Lucie County Single Family Homes April 2017 Market Detail
St Lucie County Single Family Homes Market Detail for April 2017showed weaker sales activity when compared to last April. Closed sales were down by 0.6% (in March they were up by 11.6%) and new sales under contract (new pending sales) decreased by 5.5% (they were up by 4.4% last month).
Prices, however, continue to show increases. The median and average sales prices up by 14.3% and 7.0% respectively from last April (For March these numbers were up 15.7% and 14.9%). I expect the rate of price increases to moderate some in the future, possibly even dip slightly.
Active listings decreased by 90 homes down to 1,650 homes. This inventory is 3.4% lower than last year. The current supply of homes is at 3.7 months (was 3.9 months for March) This is 5.1% lower than last year. The St Lucie County single family home market remains a strong sellers’ market. A balanced market is one with a 6 to 7 month supply of inventory.
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St Lucie County Single Family Homes April 2017 Market Detail
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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