St Lucie County Townhouses and Condos January 2020 Market Report

St Lucie County Townhouses and Condos January 2020 Market Report

The St Lucie County Townhouses and Condos market for January 2020 had mixed sales activity to start the year.  Closed sales were down by 18.1% from last year (were up by 22.2% in December). New pending sales were up by 10.9% for January (they were up by 21.5% in December).

Prices were up for January.  The median price increased by 0.3% from last year (was down by 10.2% in December) while the average sales price increased by 23.8% (was up by 1.3% in December).

The inventory of available townhouses and condos increased by 5 units from last month to 586 units. This is 1.8% less than we had in January 2019. The current inventory is 6.0 months, as compared to 5.7 months of inventory last year.  The St Lucie County townhouses and condos real estate market is now in a balanced market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos  January 2020 Market Report

 

View previous St. Lucie County market reports here.

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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 January 2020 Market Report

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