St Lucie County Single Family Homes October 2022 Market Report
The October 2022 St Lucie County Single Family Home market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 24.6% for the month compared to last year (in September they were down by 18.7%). New sales under contract (new pending sales) decreased by 35.1% (they were down by 32.3% last month).
Year-to-year prices were also up in October. The median sales price was up by 13.3% (was up by 19.0% in September). The average sales price was up by 6.8% (it was up by 16.0% in September).
The number of available home listings increased by 63 homes to 1,744 units. This inventory is 132.8% greater than last year. The current supply of homes is 3.0 months (it was 1.3 months last year). The St Lucie County single-family home market remains in a 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 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.
Leave a Reply