St Lucie County Single Family Homes February 2024 Market Report
The February 2024 St Lucie County Single Family real estate market showed slightly improved sales activity when compared to last year. we continue to face headwinds with economic uncertainties, though mortgage rates appear to have peaked and have started to decrease. Closed sales were up by 1.4% for the month compared to last year (in January they were down by 20.7%). New sales under contract (new pending sales) decreased by 3.6% (they were down by 14.7% last month).
Prices were higher for February when compared to last year. The median sales price was up by 5.4% (was up by 5.9% in January). The average sales price was up by 11.1% (it was up by 9.4% in January).
The number of available homes for sale increased by 56 homes to 1,949 units. This inventory is 21.9% greater than last year. The current supply of homes is 4.2 months (it was 3.0 months last year). The St. Lucie County single-family home market remains a sellers’ market, though trending towards a balanced one. A balanced market is one with a 6 to 7 months supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
Recent County Market Report Posts:
- St. Lucie County Townhouses and Condos 2024 3rd Quarter Report
- St. Lucie County Single Family Homes 2024 3rd Quarter Report
- Martin County Townhouses and Condos 2024 3rd Quarter Report
- Martin County Single Family Homes 2024 3rd Quarter Report
- St Lucie County Townhouses and Condos September 2024 Market Report
- St Lucie County Single Family Homes September 2024 Market Report
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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