St Lucie County Townhouses and Condos November 2021 Market Report
The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last November. The low inventory is the primary factor for these results. Closed sales were down by 20.5% from last year (were down by 38.9% in October). New pending sales were down by 24.3% for November (they were down by 24.4% last month).
Prices were mixed for November. The median price decreased by 4.0% from last year (was up by 29.1% in October) and the average sales price increased by 7.5% (was up by 34.2% in October).
The inventory of available townhouses and condos decreased by 11 units from last month to 169 residences. This is 53.3% less inventory than we had in November 2020. The current inventory supply is 1.2 months, as compared to 3.3 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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