St Lucie County Townhouses and Condos June 2017 Market Detail
The St Lucie County Townhouses and Condos Market Detail for June 2017 showed some strong growth as compared to last June. Closed sales were up by 19.6% from last year (were down by 7.1% in May) while new pending sales increased by 33.3% (was down by 0.8% in May).
Values, also, continue to rise at with the median price up by 4.7% (was up by 24.8% in May) while the average sales price increased by 17.9% (was up by 23.9% in May). I think the rates of price increases will slow down in the months to come.
The inventory of available townhouses and condos decreased by 20 unit from last month to 506 units, which is 10.4% less than June 2016. The current supply is 5.3 months, which is 5.4% lower than the 5.6 months of inventory last year. The St Lucie County townhouses and condos market continues to be a sellers’ market. 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 June 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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