St Lucie County Townhouses and Condos December 2018 Market Report
The St Lucie County Townhouses and Condos December 2018 Market Report had weaker activity when compared to last year but remains an active market. Closed sales were down by 22.0% from last year (was down by 11.2% in November) while new pending sales were unchanged for December (were up by 1.1% in November).
Prices were mixed for the month. The median price increased by 22.4% from last year (was down by 10.3% in November) while the average sales price decreased by 6.9% (was down by 7.7% in November).
The inventory of available townhouses and condos increased by 7 units from last month to 554 units, which is 7.4% greater than December 2017. The current inventory is 5.4 months, which is 5.9% greater than the 5.1 months of inventory last year. The St Lucie County townhouses and condos market continues to be a seller’s market though it appears to be drifting towards a balanced market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
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St Lucie County Townhouses and Condos December 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.
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