Closed Sales Increase by Double Digits in St. Lucie

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 October. Here are statistics on single family homes.

“St. Lucie County saw a 15.8 percent increase year-over-year to 512 closed sales. This is the second month of increases, a trend that we should keep our eyes on as we approach 2020,” said Jarrod Lowe, Incoming President of Broward, Palm Beaches, and St. Lucie Realtors®.

Closed sales are one of the simplest – yet most important – indicators for the residential real estate market. Closed sales are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes rather than changes from one month to the next.

“There was also a 6.4 percent increase in median sale price to $237,000. This was $14,360 higher than what was seen in October of 2018,” continues Lowe.

Median sale price is our preferred summary statistic for price activity because, unlike average sale price, median sale price is not sensitive to high sales 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.