Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports ccompare year-over-year data for July. Here are statistics on single family homes.
“The single-family housing market in St. Lucie County continued to rise at the height of summer. In July, the median sale price rose to $230,950. We also saw healthy increases in closed sales, active inventory, and months’ supply,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
The median sale price rose 5 percent to $230,950 compared to July 2018’s $219,950. Closed Sales increased by 7.7 percent to 531. Out of the 531 closed sales, 23 percent were paid in cash.
“With the increased amount of real estate transactions across the county, now would be a good time to contact a local Realtor® for advice on buying and selling in the current market conditions,” continues Lowe.
Notably, the supply of inventory increased 8.6 percent to 3.8 months. There were 1,790 active listings in St. Lucie County which is a 14 percent increase year-over-year. In July, there were 626 new listings.
Realtors® of the Palm Beaches and Greater Fort Lauderdale has merged with the South Broward Board of Realtors® to form the 3rd largest local Realtor® association in the country. The newly combined association represents 33,000 Realtors®, 35,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, visit RapbGflrMerge.com or contact Communications@rapb.com.
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