St. Lucie County Market Report from Luxury Partners

Luxury Partners is pleased to report the Realtors’ Association of the Palm Beaches market update for St. Lucie County in May. In May closed sales are down by 19.8% from 2014, while the median price is up 18.2%, which is indicative of how strong the market is for sellers. Inventory is constricted which is apparent in the median days on the market, for single family homes an incredible 50%. St. Lucie County single family homes are selling in half the time and for 20% more than last year. Further inventory is down by 20% and the supply is down by 27.2%. If you are looking to sell your home, it could not be a better time in St. Lucie County.

St. Lucie County Condominiums are experiencing similar trends. Closed sales in St. Lucie County are down by 30% with an increase in price of 11.5% and days on the market down by 38.7%. Inventory is down by 26.9% and months of supply down by 27%. Condominiums are selling for more and there are few on the market. If you are looking to sell your condominium, they are selling quickly and for an average of ten percent more than in 2014. Contact a member of Luxury Partners today!