St Lucie County Townhouses and Condos May 2021 Market Report
The St Lucie County Townhouses and Condos market for May 2021 continues to show strong closed sales activity. New pending sales also increased. But, a reduced rate indicating a future decrease in closed sales because of the very low inventory of available properties for sale. Closed sales were up by 201.6% from last year (were up by 156.1% in April). New pending sales were up by 17.5% for May (they were up by 179.6% last month).
The May prices were also up. The median price increased by 9.4% from last year (was up by 32.7% in April) while the average sales price increased by 7.1% (was up by 32.3% in April).
The inventory of available townhouses and condos decreased by 4 units from last month to 226 residences. This is 61.8% less inventory than we had in May 2020. The current inventory supply is 1.6 months, as compared to 6.6 months of inventory last year. The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
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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