Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year end data for 2018. Here are statistics on single family homes.
“Our median sale price had a healthy 7.3 percent increase year-over-year,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
The median sale price in single family homes increased 7.3 percent to $220,000 in 2018 which was a $15,000 increase from 2017.
“The two biggest statistics that stick out are active listings and months’ supply of inventory. We saw a 20.8 percent increase year-over-year in active listings. The supply of inventory increased 23.5 percent year-over-year to 4.2 months. If you have been hesitant about listing your property, now would be a good time with the help of a local Realtor®,” continues Lowe.
Active listings increased 20.8 percent in 2018 to 1,915. The months' supply of inventory for 2018 was 4.2 which is a 23.5 percent increase compared to 2017’s 3.4 months’ supply of inventory. We are continuing to see the months' supply of inventory move towards a more balanced market, which will give buyers more leverage during negotiations.
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 firstname.lastname@example.org.