St Lucie County Single Family Homes November 2023 Market Report
The November 2023 St Lucie County Single Family real estate market showed slightly lower sales activity when compared to last year. The inventory of homes for sale decreased in November and we are facing headwinds with economic uncertainties, though mortgage rates appear to have peaked. Closed sales were down by 0.3% for the month compared to last year (in October they were up by 5.6%). New sales under contract (new pending sales) decreased by 7.7% (they were down by 6.0% last month).
Prices were up for November when compared to last year. The median sales price was up by 2.8% (was up by 4.9% in October). The average sales price was up by 7.1% (it was up by 8.5% in October).
The number of available homes for sale increased by 123 homes to 1,678 units. This inventory is 8.0% less than last year. The current supply of homes is 3.5 months (it was 3.2 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 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 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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