Tradition Market Report, 34987 June 29th, 2013
Market Inventory Trends
The number of active listings in Port Saint Lucie increased by 13.4% from the previous month.
The median number of days active properties have been listed is 44. This is significantly shorter than the national average.
The number of sales in February dropped by 71.4% from the previous month.
Property Ownership
This chart shows home occupancy within The Tradition Area, 34957
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Comments (1)Subscribe to CommentsComment