St Lucie County Townhouses and Condos August 2020 Market Report

The St Lucie County Townhouses and Condos market for August 2020 is recovering nicely from the effects of the current pandemic. Closed sales were up by 44.7% from last year (were up by 23.6% in July). New pending sales were up by 43.2% for August (they were up by 46.1% last month).

August prices were also up.  The median price increased by 35.5% from last year (was up by 35.9% in July) while the average sales price increased by 30.7% (was up by 16.4% in July).

The inventory of available townhouses and condos decreased by 66 units from last month to 402 units. This is 24.3% less inventory than we had in August 2019. The current inventory supply is 4.3 months, as compared to 5.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

 

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

• St Lucie County Townhouses and Condos February 2025 Market ReportMarch 25, 2025
• St Lucie County Single Family Homes February 2025 Market ReportMarch 24, 2025
• Martin County Townhouses and Condos February 2025 Market ReportMarch 23, 2025
• Martin County Single Family Homes February 2025 Market ReportMarch 22, 2025
• St Lucie County Townhouses and Condos January 2025 Market ReportMarch 19, 2025
• St Lucie County Single Family Homes January 2025 Market ReportMarch 18, 2025

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.

St Lucie County Townhouses and Condos August 2020 Market Report