St Lucie County Single Family Homes May 2023 Market Report
The May 2023 St Lucie County Single Family real estate market continues to show weaker sales activity when compared to last year. The inventory numbers are growing slowly, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 18.3% for the month compared to last year (in April they were down by 21.8%). New sales under contract (new pending sales) decreased by 14.2% (they were down by 13.7% last month).
Prices were mostly down for May, though only modestly. The median sales price was unchanged at 0.0% (was also unchanged at 0.0% in April). The average sales price was down by 8.4% (it was up by 0.5% in April).
The number of available home listings decreased by 124 homes to 1,171 units. This inventory is 41.3% greater than last year. The current supply of homes is 2.4 months (it was 1.3 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.
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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