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 December. Here are statistics on single family homes.

“St. Lucie Realtors® closed out 2019 with a bang! Closed sales increased an overwhelming 35.5 percent year-over-year to 554. The median sale price also increased 6.5 percent to $236,000. It’s incredible how our median sale price increased every single month in 2019,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.

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.

“Last month I mentioned how the culmination of the high sale price and low inventory should spark excitement for the winter season. Well, it’s certainly continuing to go in that direction. The decrease of 9.3 percent in inventory is a great indication of how now is the perfect time to seek consultation from a local Realtor® on selling your home,” continues Lowe.

Inventory rises when new listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when new listings aren’t keeping up with the rate at which homes are going off-market.

Coming soon! 2019 year end market reports for St. Lucie County will release on February 12th.

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.