St Lucie County Townhouses and Condos April 2017 Market Detail
The St Lucie County Townhouses and Condos Market Detail for April 2017 showed weaker sales activity when compared to last April. Closed sales were down by 11.2% from last year (were up by 16.1% in March) while new pending sales decreased by 10.0% (was down by 11.2% in March).
Values, however, continue to rise at surprising rates with the median price up by 35.0% (was up by 28.0% in March) while the average sales price increased by 19.6% (was up by 13.3% in March). I’ve been expecting prices to moderate for some time so these increases continue to be quite unexpected.
The inventory of available townhouses and condos decreased by 1 unit from last month to 568 units, which is 11.4% less than April 2016. The current supply is 6.0 months, which is 7.7% lower than the 6.5 months of inventory last year. The St Lucie County townhouses and condos market remains in a balanced. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
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St Lucie County Townhouses and Condos April 2017 Market Detail
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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