St Lucie County Townhouses and Condos November 2018 Market Report
The St Lucie County Townhouses and Condos November 2018 Market Report had weaker activity when compared to last year but is still an active market. Closed sales were down by 11.2% from last year (was down by 1.0% in October) while new pending sales were up by 1.1% for November (were down by 24.6% in October).
Prices were down for the month. The median price decreased by 10.3% from last year (was up by 11.0% in October) while the average sales price decreased by 7.7% (was down by 3.1% in October).
The inventory of available townhouses and condos increased by 8 units from last month to 547 units, which is 10.1% greater than November 2017. The current inventory is 5.3 months, which is 10.1% grweater than the 5.0 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 November 2018 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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