St Lucie County Townhouses and Condos April 2018 Market Report
The St Lucie County Townhouses and Condos April 2018 Market Report reported quite strong sales activity when compared to last year. Closed sales were up by 2.4% from last year (was up by 9.3% in March) while new pending sales were up by 14.5% for April (was up by 12.8% in March).
Prices, however, were down from the same period last year. The median price decreased by 1.7% from last year (was up by 11.0% in March) while the average sales price decreased by 2.9% (was up by 18.2% in March). This is the first month in quite some time with decreasing prices.
The inventory of available townhouses and condos decreased by 27 units from last month to 548 units, which is 3.5% less than April 2017. The current supply is 5.3 months, which is 11.7% less than the 6.0 months of inventory last year. The St Lucie County townhouses and condos market continues to be a seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
St Lucie County Townhouses and Condos April 2018 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.
Leave a Reply