St Lucie County Single Family Homes August 2017 Market Report
St Lucie County Single Family Homes Market Report for August 2017 showed moderating activity as compared to last July as well as last month. Closed sales were down by 6.2% (in July they were up by 8.5%) and new sales under contract (new pending sales) increased by 13.4% (they were up by 1.2% last month).
Prices continued to rise. The median and average sales prices up by 10.8% and 8.6% respectively from last August (For July these numbers were up 14.3% and 10.2%). The continued rate of price increases is beginning to have a major impact on affordability in St Lucie County.
Active listings decreased by 21 homes down to 1,592 homes. This inventory is 0.6% lower than last year. The current supply of homes is 3.5 months (was also 3.5 months for July) and also 3.5 months for last year. This is unchanged from 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.
Click here to view or download the full report:
St Lucie County Single Family Homes August 2017 Market Report
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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