St Lucie County Townhouses and Condos November 2019 Market Report

The St Lucie County Townhouses and Condos market for November 2019 showed mixed activity as compared to last year.  Closed sales were up by 12.6% from last year (were down by 17.5% in October). New pending sales were down by 1.1% for November (they were up by 13.9% in October).

Prices were up for November, though at a reduced rate.  The median price increased by 3.3% from last year (was up by 0.2% in October) while the average sales price increased by 2.7% (was down by 6.6% in October).

The inventory of available townhouses and condos increased by 5 units from last month to 581 units, which is 6.2% greater than November 2018. The current inventory is 6.0 months, as compared to 5.3 months of inventory last year.  The St Lucie County townhouses and condos real estate market continues to be in 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 past St. Lucie County townhouses and condos market reports

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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St Lucie County Townhouses and Condos November 2019 Market Report