St. Lucie Housing Market Gains Momentum

Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year-over-year data for June. Here are statistics on single family homes.

“St. Lucie County’s housing market continues to gain momentum. In June, the median sale price rose to $234,995. We also saw a double digit increase in closed sales,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale and the South Broward Board of Realtors®.

The median sale price increased 4.6 percent year-over-year from $224,750 to $234,995. Median sale price is our preferred summary statistic for price activity because, unlike average sale price, median sale price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.

For closed sales, there was an increase of 13.6 percent to 542.

“If you are interested in selling your home, now is the time to connect with a local Realtor®. The buyers are out there, and supply of inventory is still low,” continues Lowe.

The supply of inventory is at 4.0 months, which is below the benchmark of a balanced market, favoring neither buyer or seller. The months’ supply of inventory is a useful indicator of the market’s current conditions. It estimates the number of months it will take to deplete the current inventory given recent sales rates.

Market Reports: St. Lucie Single Family | St. Lucie Townhouses/Condos

Broward, Palm Beaches & St. Lucie Realtors® is the 3rd largest local Realtor® association in the country, representing 33,000 Realtors®, 35,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, visit Rworld.com or contact Communications@rworld.com.