June 2013 Monthly Market Detail St Lucie County Single Family Homes
Continuing a mostly positive trend for the June 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors. The only negative detail was the year to year closed sales, which were down by 0.4% and while new sales under contract (new pending sales) increased by 42.6%!!
Both median and average sales prices were up (June 2012 to June 2013) by 23.3% and 16.6% respectively.
One item of concern is the active inventory which continues to decrease significantly, presently only 1,664 homes, a decrease of 43.8% from last year. Current supply of inventory is only 3.9 months (a 52.7% decrease from last year). For June 2013 it was a strong sellers market in the St Lucie County area. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I expect to see a gradual increase in inventory.
Please click on the links below to read the full Saint Lucie County single family market detail:
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June 2013 Monthly Market Detail St Lucie County Single Family Homes
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.
