St Lucie County Townhouses and Condos February 2019 Market Report
The St Lucie County Townhouses and Condos February 2019 Market Report had a weaker month of sales when compared to last year. Closed sales were down by 13.0% from last year (were up by 45.6% in January) while new pending sales were down by 4.1% for February (they were down by 12.7% in January).
Prices were also down for the month. The median price decreased by 22.8% from last year (was up by 19.4% in January) while the average sales price decreased by 12.5% (was down by 4.0% in January).
The inventory of available townhouses and condos increased by 39 units from last month to 636 units, which is 9.5% greater than February 2018. The current inventory is 6.1 months, as compared to 5.7 months of inventory last year. The St Lucie County townhouses and condos market has transitioned into a balanced 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 February 2019 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