Median Sale Price Hits Decade Record $235,000

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 August. Here are statistics on single family homes.

“After 5 months of increases in closed sales, we saw a decrease in the month of August by 1.5 percent. Closed sales paid in cash also decreased year-over-year by 6.7 percent,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.

There were 525 closed sales in August of 2019 which is a 1.5 percent decrease year-over-year. Paid in cash closed sales decreased 6.7 percent to 111.

“Despite the decrease in closed sales, median sale price hit a decade record of $235,000. As we enter the fourth quarter, I’m certain buyers and sellers will be anxiously watching the market. Just be sure to speak with a local real estate expert on how to go about buying and selling in the current market conditions,” continues Lowe.

The median sale price increased 4.4 percent to $235,000, which is $10,000 more than August of 2018. 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.

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.