Closed Sales Increase by Double Digits After a Notable January

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 January. Here are statistics on single family homes.

“Realtors® left the market blazing after a notable January! Closed sales increased 22.2 percent year-over-year to 347. This is the second consecutive month where we’ve seen a double digit rise in closed sales,” 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.  

“I mentioned last month that the median sale price increased every month in 2019 and this trend has continued into 2020. The median sale price increased 4.2 percent to $230,000 in January. The continued growth in median sale price and closed sales should have St. Lucie home sellers feeling positive for the future,” 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.