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.
“St. Lucie County’s days on the market increased to 54 days in January of 2019 for single family homes. This is a 42.1 percent year-over-year increase compared to 38 days which we saw in January of 2018,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
In addition to the 42.1 percent increase to 54 median days to contract, there was also a 5.4 percent increase in median sale price to $220,644.
“When it comes to making an offer on a home, buyers are checking how long a listing has been on market before they pursue it further. A local Realtor® can make sure that you not only price your home correctly but also receive an offer that is expected in today’s market conditions,” continues Lowe.
Market conditions are edging towards the benchmark of a balanced market, which is 5.5 months’ supply of inventory. The months' supply of inventory for January 2019 was 4.8 which is a 26.3 percent increase compared to January 2018’s 3.8 months’ supply of inventory. Similarly, there was a hefty 24.4 percent increase in active listings to 2,174.
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.