St Lucie County Real Estate Market Update
It's a Sellers Market
St Lucie County's Full Market Report
Homes and Condos "less is more"
Inventory numbers make prices go up or down with the volume of homes for sale INFOGRAPHIC
What Is a Sellers Market? In a sellers market, prices go up because inventory is low. 6 months of inventory is considered a healthy or balanced market. Right now in St Lucie we have 3.3 months inventory.
Prices ARE UP 13% from last year
Single family homes in St Lucie County show a 9% drop in closed sale transactions from this time last year. Meanwhile, the median price rose 13% to $183,000 so the dollor volume was up 5% to $95 million.
In this case, less (fewer transactions) is more (higher dollar volume) due to higher sales prices. -
See How Inventory and Supply and Demand changeHome Prices (Infographic)
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