St Lucie County Townhouses and Condos March 2018 Market Report
The St Lucie County Townhouses and Condos March 2018 Market Report reported quite strong closed activity though weaker pending numbers as well as compared to last year. Closed sales were up by 9.3% from last year (was up by 24.3% in February) while new pending sales were down by 12.8% for March (was up by 10.9% in February).
Prices continued to rise with the median price increasing by 11.0% from last year (was up by 13.8% in February) while the average sales price increased by 18.2% (was up by 18.7% in February).
The inventory of available townhouses and condos decreased by 5 units from last month to 575 units, which is 1.1% less than March 2017. The current supply is 5.6 months, which is 5.1% less than the 5.9 months of inventory last year. The St Lucie County townhouses and condos market continues to be a seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
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St Lucie County Townhouses and Condos March 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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