St Lucie County Townhouses and Condos March 2024 Market Report
The St Lucie County Townhouses and Condos market showed slightly stronger sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were up by 7.1% from last year (were up by 35.8% in February). New pending sales were down by 13.8% (they were up by 26.6% last month).
Prices were up for March. The median price increased by 6.7% from last year (was down by 3.4% in February) and the average sales price increased by 11.1% (was up by 20.0% in February).
The available townhouses and condos inventory increased by 29 units from last month to 671 residences. This is a 69.0% greater inventory than we had in March 2023. The current inventory supply is 7.6 months, as compared to 4.5 months of inventory last year. The St Lucie County townhouses and condos real estate market has now entered a seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
Recent County Market Report Posts:
- St. Lucie County Townhouses and Condos 2024 3rd Quarter Report
- St. Lucie County Single Family Homes 2024 3rd Quarter Report
- Martin County Townhouses and Condos 2024 3rd Quarter Report
- Martin County Single Family Homes 2024 3rd Quarter Report
- St Lucie County Townhouses and Condos September 2024 Market Report
- St Lucie County Single Family Homes September 2024 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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