St Lucie County Townhouses and Condos February 2018 Market Report
The St Lucie County Townhouses and Condos February 2018 Market Report reported quite strong closed activity and improved pending numbers as well as compared to last year. Closed sales were up by 24.3% from last year (was down by 19.7% in January) while new pending sales were up by 10.9% for February (was up by 21.2% in January).
Prices also jumped up with the median price increasing by 13.8% from last year (was up by 1.6% in January) while the average sales price increased by 18.7% (was up by 17.9% in January).
The inventory of available townhouses and condos increased by 12 units from last month to 580 units, which is 4.0% less than February 2017. The current supply is 5.7 months, which is 9.5% less than the 6.3 months of inventory last year. The St Lucie County townhouses and condos market continues to be a seller’s market, but approaching a balanced one. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
St Lucie County Townhouses and Condos February 2018 Market Report
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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