St Lucie County Single Family Homes January 2017 Market Detail
St Lucie County Single Family Homes Market Detail for January 2017 showed improved sales activity with improved results year to year. Closed sales were up by 8.1% (in December they were up by 8.9%) and new sales under contract (new pending sales) also increased by 8.1% (they were up by 4.8% last month).
Prices also continued their upward march. The median and average sales prices up by 8.9% and 16.1% respectively from last January (For December these numbers were up 13.9% and 12.0%). 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 112 homes to 1,844 homes. This inventory is 2.7% higher than last year. The current supply of homes is at 4.1 months (4.0 months for January of 2016) This is 2.5% greater than 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 January 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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