St Lucie County Single Family Homes December 2016 Market Detail
St Lucie County Single Family Homes Market Detail for December 2016 showed improved sales activity with improved results year to year as well as month to month. Closed sales were up by 8.9% (in November they were up by 0%) and new sales under contract (new pending sales) increased by 4.8% (they were up by 3.3% last month).
Prices also continued their upward march. The median and average sales prices up by 13.9% and 12.0% respectively from last December (For November these numbers were up 22.5% and 18.5%). While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.
Active listings decreased by 63 homes to 1,732 homes. This inventory is 6.6% higher than last year. The current supply of homes is at 3.9 months (3.6 months for December of 2015) This is 8.3% greater than last year. The St Lucie County single family home market remains in a very 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 December 2016 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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