Booming St. Lucie Housing Market Shows Positive Gains in 2019

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 2019. Here are statistics on single family homes.

“The St. Lucie County housing market is booming! By looking at the positive gain in closed sales, we can see how this helped chip away at the supply of available homes to purchase in the county,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.

Closed sales are typically one of the simplest – yet most important – indicators for the residential real estate market.

“Inventory dropped 16.7 percent to 3.5 months and active listings also decreased at 9.3 percent to 1,738. I don’t see the market slowing down in the near future. Prices are up 5.9 percent from 2018, and I expect them to steadily increase throughout this year. My advice is to seek the expertise of a local Realtor® to navigate through the home buying or selling process,” 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.