St Lucie County Townhouses and Condos September 2018 Market Report
The St Lucie County Townhouses and Condos September 2018 Market Report had mixed sales activity when compared to last year but remains an active market. Closed sales were down by 3.7% from last year (was up by 32.7% in August) while new pending sales were up by 5.3% for September (was down by 5.1% in August).
Prices took an unexpected large jump for the month. The median price increased by 31.6% from last year (was down by 11.0% in August) while the average sales price increased by 38.6% (was up by 19.6% in August).
The inventory of available townhouses and condos increased by 13 units from last month to 506 units, which is 16.6% greater than September 2017. The current supply is 4.8 months, which is 6.7% 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 September 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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