St Lucie County Townhouses and Condos January 2019 Market Report
The St Lucie County Townhouses and Condos January 2019 Market Report had an unexpectedly large jump in closed sales while new pending sales were off. Closed sales were up by 45.6% from last year (was down by 22.0% in December) while new pending sales were down by 12.7% for January (they were unchanged in December).
Prices were mixed for the month. The median price increased by 19.4% from last year (was down by 22.4% in December) while the average sales price decreased by 4.0% (was down by 6.9% in December).
The inventory of available townhouses and condos increased by 43 units from last month to 597 units, which is 5.1% greater than January 2018. The current inventory is 5.7 months, which is the same as the 5.7 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.
Click here to view or download the full report:
St Lucie County Townhouses and Condos January 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.
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