St Lucie County Single Family Homes October 2017 Market Report
St Lucie County Single Family Homes October 2017 Market Report showed stronger activity as compared to last year. Closed sales were up by 16.7% (in September they were down by 13.6%) and new sales under contract (new pending sales) increased by 25.9% (they were down by 30.2% last month).
Prices continued to rise. The median and average sales prices up by 17.0% and 10.4% respectively from last October (For September these numbers were up 11.4% and 12.5%). The continued rate of price increases is beginning to have a major impact on affordability in St Lucie County.
Active listings increased by 3 homes down to 1,565 homes. This inventory is 6.4% lower than last year. The current supply of homes is 3.4 months (was 3.5 months for September) compared to 3.8 months for 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 October 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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