St Lucie County Single Family Homes October 2016 Market Detail

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

St Lucie County Single Family Homes October 2016 Market Detail

St Lucie County Single Family Homes Market Detail for October 2016 continues to have reduced sales activity from last year.  Closed sales were down by 24.5% (in September they were down by 6.6%) and new sales under contract (new pending sales) decreased by 8.9% (they were down by 11.5% last month).

Prices, however, continue their upward march at strong rates.  The median and average sales prices up by 12.0% and 13.4% respectively from last October (For September these numbers were up 10.0% and 10.6%).  While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.

Active listings increased by 14 homes to 1,685 homes.  This inventory is 8.2% higher than last year.  The current supply of homes is at 3.8 months (3.4 months for October of 2015)  This is 11.8% greater than last year.  The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes October 2016 Market Detail

Click here to view or download the full report:
St Lucie County Single Family Homes October 2016 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.

St Lucie County Single Family Homes October 2016 Market Detail

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Florida St Lucie County
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All Things Florida
City and State
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Advice for Sellers
Advice for Buyers
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Rainmaker
1,384,047
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Gabe,

 PRices look like they are on the rise in St. Lucie so the time to buy is now before they get any higher and the should call Gabe Sanders !

Dec 09, 2016 02:41 PM #1
Rainmaker
1,959,200
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

We have the same worries here in Sacramento, Gabe. Rising rates will make fewer homes affordable, and we have reduced inventory so of course the sales are down, too, but demand is strong!

Dec 09, 2016 02:59 PM #2
Ambassador
3,583,477
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Interest rates are nudging upward and so is inventory. Buyers wanting a new home should make a move now, Gabe.

Dec 09, 2016 03:36 PM #3
Rainmaker
4,498,218
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Home sellers will be in very good hands when they select you as their listing agent.

Dec 10, 2016 05:27 PM #4
Rainmaker
4,145,207
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks. Your comments are always appreciated!

Jan 14, 2017 07:00 AM #5
Rainmaker
4,145,207
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Please visit this link for additional Saint Lucie County real estate information.

Jan 14, 2017 07:00 AM #6
Rainmaker
4,145,207
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Jan 14, 2017 07:00 AM #7
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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