St Lucie County Townhouses and Condos October 2018 Market Report
The St Lucie County Townhouses and Condos October 2018 Market Report had weaker activity when compared to last year but remains an active market. Closed sales were down by 1.0% from last year (was down by 3.7% in September) while new pending sales were down by 24.6% for October (was up by 5.3% in September).
Prices were mixed for the month. The median price increased by 11.0% from last year (was up by 31.6% in September) while the average sales price decreased by 3.1% (was up by 38.6% in September).
The inventory of available townhouses and condos increased by 36 units from last month to 539 units, which is 21.1% greater than October 2017. The current supply is 5.1 months, which is 13.3% more than the 4.5 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 October 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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