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.
“Prices may be leveling off for single family homes. Median sale price increased only 5.5 percent to $221,600,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
In December 2018, we saw an $11,600 increase in median sale price for single family homes. There was also a 10.8 percent increase in median days to contract and a 1.2 percent increase in median days to sale.
“Meanwhile, buyer interest decreased in December with closed sales down 17.2 percent. St. Lucie County continues to transition towards a more balanced market between buyer and seller. Supply of inventory has increased 23.5 percent to 4.2 months,” continues Lowe.
The months' supply of inventory for December 2018 was 4.2 which is a 23.5 percent increase compared to December 2017’s 3.4 months’ supply of inventory. We are seeing the months' supply of inventory moving towards a more balanced market in the future.
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 & the Treasure Coast. For more info, contact email@example.com.