St Lucie County Single Family Homes January 2023 Market Report
The January 2023 St Lucie County Single Family Home market continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Closed sales were down by 27.0% for the month compared to last year (in December they were down by 39.1%). New sales under contract (new pending sales) decreased by 11.9% (they were down by 25.6% last month).
Price increases seem to have moderated, which may indicate future increased sales activity. The median sales price was up by 4.9% (was up by 14.0% in December). The average sales price was up by 4.6% (it was up by 2.7% in December).
The number of available home listings increased by 23 homes to 1,715 units. This inventory is 188.2% greater than last year. The current supply of homes is 3.2 months (it was 1.0 months last year). The St Lucie County single-family home market remains in a sellers’ market, though trending towards a balanced one. A balanced market is one with a 6 to 7 month supply of inventory.
View previous St. Lucie County market reports here.
Recent County Market Report Posts:
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 2024 Market Report
- Martin County Townhouses and Condos February 2024 Market Report
- Martin County Single Family Homes February 2024 Market Report
- St Lucie County Townhouses and Condos January 2024 Market Report
- St Lucie County Single Family Homes January 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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