St Lucie County Single Family Homes February 2017 Market Detail
St Lucie County Single Family Homes Market Detail for February 2017 showed improved sales activity for closed sales but weaker new pending sales year to year. Closed sales were up by 5.1% (in January they were up by 8.1%) and new sales under contract (new pending sales) decreased by 0.5% (they were up by 8.1% last month).
Prices continued to show strong increases. The median and average sales prices up by 18.2% and 16.6% respectively from last February (For January these numbers were up 8.9% and 16.1%). 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 30 homes to 1,814 homes. This inventory is 0.8% lower than last year. The current supply of homes is at 4.1 months (also was 4.1 months for February of 2016) This is unchanged from last year. The St Lucie County single family home market remains in 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 February 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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