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 March. Here are statistics on single family homes.
“The St. Lucie County housing market is thriving. In March, we saw increases in closed sales, median sale price, active listings, and months’ supply of inventory,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
The median sale price increased 4.3 percent to $230,000. There were 497 closed sales, a 1.6 percent increase compared to the 489 closed sales in March 2018. Closed sales are one of the simplest, yet most important, indicators for the residential real estate market.
“With increases in nearly every category, the time to sell is now. The market is in the sellers’ favor as the months’ supply of inventory is only at 4.6 months. I recommend you seek help from a local Realtor® on how to buy and sell in these market conditions,” continues Lowe.
In March 2019 the supply of inventory was 4.6 months, which is a 27.8 percent increase from the 3.6 months in March 2018. Active listings also had an increase of 27.6% year-over-year to 2,104.
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.