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.
“Inventory of single family homes is growing in St Lucie. For the second month in a row, we have seen a double digit increase of active listings. Up 17.0% compared to last year, at the end of this October, St. Lucie had 1,834 homes listed for sale. Many of these homes are price above $200,000 supporting the 4.8% increase in the median sale price of $222,640,” said John Slivon, Immediate Past President of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
St. Lucie County’s supply of inventory is now at 3.9 months, a 14.7% increase year-over-year. Months’ supply of inventory is an estimate of the number of months it will take to deplete the current inventory given recent sales rates.
“As we head into the holiday season, we will inevitably see a lower number of sales, which will help desperately to increase our uncomfortably low inventory,” continues Slivon.
The Realtors® of the Palm Beaches and Greater Fort Lauderdale is the 3rd largest local real estate association in the country. As one unified voice, RAPB + GFLR represents 30,000 Realtors®, 33,000 MLS subscribers, and 5 regional boards across South Florida and the Treasure Coast. For more information, contact firstname.lastname@example.org.