St Lucie County Single Family Homes September 2017 Market Report
St Lucie County Single Family Homes Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales were down by 13.6% (in August they were down by 6.2%) and new sales under contract (new pending sales) decreased by 30.2% (they were up by 13.4% last month).
Prices continued to rise. The median and average sales prices up by 11.4% and 12.5% respectively from last September (For August these numbers were up 10.8% and 8.6%). The continued rate of price increases is beginning to have a major impact on affordability in St Lucie County.
Active listings decreased by 27 homes down to 1,565 homes. This inventory is 5.8% lower than last year. The current supply of homes is 3.5 months (was also 3.5 months for August) compared to 3.7 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.
St Lucie County Single Family Homes September 2017 Market Report
Click here to view or download the full report:
St Lucie County Single Family Homes September 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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