St Lucie County Single Family Homes July 2023 Market Report
The July 2023 St Lucie County Single Family real estate market showed weaker sales activity when compared to last year. The inventory of homes for sale decreased in June and we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 8.4% for the month compared to last year (in June they were down by 9.4%). New sales under contract (new pending sales) decreased by 3.5% (they were down by 3.2% last month).
Prices were mixed and with very little changes for July compared to last year. The median sales price was down by 1.8% (was down by 2.3% in June). The average sales price was up by 0.1% (it was up by 0.6% in June).
The number of available homes for sale decreased by 84 homes to 1,219 units. This inventory is 8.7% larger than last year. The current supply of homes is 2.5 months (it was 2.3 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.
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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