St Lucie County Single Family Homes June 2022 Market Report
The June 2022 St Lucie County Single Family Home market had weaker activity when compared to last year. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 13.6% for the month compared to last year (in May they were up by 2.3%). New sales under contract (new pending sales) decreased by 24.9% (they were down by 7.3% last month).
Prices were also up in June. The median sales price was up by 30.8% (was up by 30.4% in May). The average sales price was up by 28.8% (it was up by 31.6% in May).
The number of available home listings increased by 546 homes to 1228. This inventory is 108.5% greater than last year. The current supply of homes is 2.0 months (it was 1.0 months last year). The St Lucie County single-family home market remains an extreme sellers’ market. 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 March 2024 Market Report
- St Lucie County Single Family Homes March 2024 Market Report
- Martin County Townhouses and Condos March 2024 Market Report
- Martin County Single Family Homes March 2024 Market Report
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 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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