St Lucie County Single Family Homes January 2024 Market Report

St Lucie County Single Family Homes January 2024 Market Report

The January 2024 St Lucie County Single Family real estate market showed weaker sales activity when compared to last year. we continue to face headwinds with economic uncertainties, though mortgage rates appear to have peaked and have started to decrease. Closed sales were down by 20.7% for the month compared to last year (in December they were down by 9.6%). New sales under contract (new pending sales) decreased by 14.7% (they were down by 24.8% last month).

Prices were higher for January when compared to last year.  The median sales price was up by 5.9% (was up by 2.1% in December).  The average sales price was up by 9.4% (it was up by 6.1% in December).

The number of available homes for sale increased by 174 homes to 1,893 units.  This inventory is 10.4% greater than last year.  The current supply of homes is 4.1 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.

St Lucie County Single Family Homes January 2024 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes January 2024 Market Report

Martin County Single Family Homes January 2024 Market Report

Martin County Single Family Homes January 2024 Market Report

The Martin County Single Family Homes Market Report showed slower sales activity from last year. We continue to face some economic uncertainties, though mortgage rates appear to have peaked and have started to decline. Closed sales were down by 5.3% from last year (they were down by 2.3% in December). At the same time, new pending sales increased by 9.0% compared to last year (which decreased by 4.9% last month).

Prices were mixed for January as compared to last year.  The median sales price decreased from last year by 0.7% (up by 1.8% in December) while the average sales price increased by 56.2% (up by 5.4% last month).

The inventory of available single-family homes increased by 46 homes to 636. This is a 20.0% greater inventory than last January.  The current supply of homes is 3.9 months.  For January of last year, it was 3.3 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered 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.

Martin County Single Family Homes January 2024 Market Report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes January 2024 Market Report

Florida Single Family Homes January 2024 Market Report

Florida Single Family Homes January 2024 Market Report

The Florida Single Family Home real estate market had slightly better sales activity when compared to last year. Though we continue to face headwinds with some economic uncertainties, it does appear that mortgage rates may have started to decrease and I expect to see a gradual return to a historically normal real estate market. Closed sales were up by 0.6% (were down by 3.8% in December). New sales under contract (new pending sales) were down by 2.9% (were down by 3.3% in December).

Prices increased for January when compared to last year.  The (year-to-year) median sales price was up by 3.8% (it was also up by 3.8% in December). And, the average sales price was up by 9.7% (it was up by 7.2% last month).

The inventory of available homes for sale increased by 24.8% from last year.  This represents a 3.8 months supply of inventory (January 2023 had a 2.8 months supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Previous Florida real estate market report posts.

Florida Single Family Homes January 2024 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes January 2024 Market Report

 

St Lucie County Single Family Homes December 2023 Market Report

St Lucie County Single Family Homes December 2023 Market Report

The December 2023 St Lucie County Single Family real estate market showed weaker sales activity when compared to last year. we continue to face headwinds with economic uncertainties, though mortgage rates appear to have peaked and have started to decrease. Closed sales were down by 9.6% for the month compared to last year (in November they were down by 0.3%). New sales under contract (new pending sales) decreased by 24.8% (they were down by 7.7% last month).

Prices were slightly higher for December when compared to last year.  The median sales price was up by 2.1% (was up by 2.8% in November).  The average sales price was up by 6.1% (it was up by 7.1% in November).

The number of available homes for sale increased by 41 homes to 1,719 units.  This inventory is 1.6% greater than last year.  The current supply of homes is 3.6 months (it was 3.1 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.

St Lucie County Single Family Homes December 2023 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes December 2023 Market Report

Martin County Single Family Homes December 2023 Market Report

Martin County Single Family Homes December 2023 Market Report

The Martin County Single Family Homes Market Report showed slower sales activity from last year. We continue to face some economic uncertainties, though mortgage rates appear to have peaked and have started to decline. Closed sales were down by 2.3% from last year (they were up by 24.5% in November). At the same time, new pending sales decreased by 4.9% compared to last year (which increased by 8.8% last month).

Prices were up for December as compared to last year, however not as fast as in previous months.  The median sales price increased from last year by 1.8% (up by 12.8% in November) while the average sales price increased by 5.4% (up by 41.8% last month).

The inventory of available single-family homes increased by 5 homes to 590. This is an 18.2% greater inventory than last December.  The current supply of homes is 3.6 months.  For December of last year, it was 3.1 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered 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.

Martin County Single Family Homes December 2023 Market Report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes December 2023 Market Report

Florida Single Family Homes December 2023 Market Report

Florida Single Family Homes December 2023 Market Report

The Florida Single Family Home real estate market had slightly weaker sales activity when compared to last year. Though we continue to face headwinds with some economic uncertainties, it does appear that mortgage rates may have started to decrease and I expect to see a gradual return to a historically normal real estate market. Closed sales were down by 3.8% (were up by 4.2% in November). New sales under contract (new pending sales) were down by 3.3% (were down by 1.2% in November).

Prices increased for December when compared to last year.  The (year-to-year) median sales price was up by 3.8% (it was up by 3.3% in November). And, the average sales price was up by 7.2% (it was up by 5.6% last month).

The inventory of available homes for sale increased by 17.8% from last year.  This represents a 3.6 months supply of inventory (December 2022 had a 2.7 months supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Previous Florida real estate market report posts.

Florida Single Family Homes December 2023 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes December 2023 Market Report

 

St Lucie County Single Family Homes November 2023 Market Report

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.

St Lucie County Single Family Homes November 2023 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes November 2023 Market Report

Martin County Single Family Homes November 2023 Market Report

Martin County Single Family Homes November 2023 Market Report

The Martin County Single Family Homes Market Report showed surprisingly improved activity compared to last year. Even as we continue to face economic uncertainties, though mortgage rates appear to have peaked and have started to decline. The inventory of available homes for sale declined for the second month in a row. Closed sales were up by 24.5% from last year (they were up by 19.4% in October). At the same time, new pending sales increased by 8.8% compared to last year (which increased by 10.7% last month).

Prices were up for November as compared to last year.  The median sales price increased from last year by 12.8% (up by 0.7% in October) while the average sales price increased by 41.8% (down by 21.1% last month).

The inventory of available single-family homes increased by 49 homes to 585. This is a 12.5% greater inventory than last November.  The current supply of homes is 3.6 months.  For November of last year, it was 3.1 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered 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.

Martin County Single Family Homes November 2023 Market Report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes November 2023 Market Report

Florida Single Family Homes November 2023 Market Report

Florida Single Family Homes November 2023 Market Report

The Florida Single Family Home real estate market had slightly better closed sales activity when compared to last year. Though we continue to face headwinds with some economic uncertainties, it does appear that mortgage rates may have started to decrease. Closed sales were up by 4.2% (were down by 5.3% in October). New sales under contract (new pending sales) were down by 1.2% (were up by 8.4% in October).

Prices increased for November when compared to last year.  The (year-to-year) median sales price was up by 3.3% (it was up by 2.0% in October). And, the average sales price was up by 5.6% (it was up by 5.4% last month).

The inventory of available homes for sale increased by 13.9% from last year.  This represents a 3.7 month supply of inventory (November 2022 had a 2.8 month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Previous Florida real estate market report posts.

Florida Single Family Homes November 2023 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes November 2023 Market Report

 

St Lucie County Single Family Homes October 2023 Market Report

St Lucie County Single Family Homes October 2023 Market Report

The October 2023 St Lucie County Single Family real estate market showed slightly better sales activity when compared to last year. The inventory of homes for sale decreased in October and we are facing headwinds with economic uncertainties, though mortgage rates appear to have peaked. Closed sales were up by 5.6% for the month compared to last year (in September they were down by 5.2%). New sales under contract (new pending sales) decreased by 6.0% (they were down by 1.8% last month).

Prices were up for October when compared to last year.  The median sales price was up by 4.9% (was up by 0.5% in September).  The average sales price was up by 8.5% (it was up by 0.3% in September).

The number of available homes for sale increased by 147 homes to 1,555 units.  This inventory is 10.8% less than last year.  The current supply of homes is 3.3 months (it was 3.0 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.

St Lucie County Single Family Homes October 2023 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes October 2023 Market Report

Martin County Single Family Homes October 2023 Market Report

Martin County Single Family Homes October 2023 Market Report

The Martin County Single Family Homes Market Report showed better-closed activity compared to last year. We continue to face economic uncertainties though mortgage rates appear to have peaked and have started to decline. The inventory of available homes for sale declined for the second month in a row. Closed sales were up by 19.4% from last year (they were down by 10.0% in September). At the same time, new pending sales increased by 10.7% compared to last year (which increased by 24.2% last month).

Prices were mixed for October as compared to last year.  The median sales price increased from last year by 0.7% (up by 4.8% in September) while the average sales price decreased by 21.1% (down by 5.3% last month).

The inventory of available single-family homes increased by 75 homes to 536. This is a 2.9% greater inventory than last October.  The current supply of homes is 3.3 months.  For October of last year, it was 2.9 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered 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.

Martin County Single Family Homes October 2023 Market Report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes October 2023 Market Report

Florida Single Family Homes October 2023 Market Report

Florida Single Family Homes October 2023 Market Report

The Florida Single Family Home real estate market had slightly weaker closed sales activity when compared to last year. We continue to face headwinds with some economic uncertainties, though it appears that mortgage rates may have started to decrease. Closed sales were down by 5.3% (were up by 6.1% in September). New sales under contract (new pending sales) were up by 8.4% (were down by 0.1% in September).

Prices increased slightly for October when compared to last year.  The (year-to-year) median sales price was up by 2.0% (it was up by 1.3% in September). And, the average sales price was up by 5.4% (it was up by 7.5% last month).

The inventory of available homes for sale increased by 3.5% from last year.  This represents a 3.5-month supply of inventory (October 2022 had a 2.7-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Previous Florida real estate market report posts.

Florida Single Family Homes October 2023 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes October 2023 Market Report

 

St Lucie County Single Family Homes September 2023 Market Report

St Lucie County Single Family Homes September 2023 Market Report

The September 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 September and we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 5.2% for the month compared to last year (in August they were down by 8.0%). New sales under contract (new pending sales) decreased by 1.8% (they were down by 11.4% last month).

Prices were up slightly for September when compared to last year.  The median sales price was up by 0.5% (was up by 1.3% in August).  The average sales price was up by 0.3% (it was up by 0.2% in August).

The number of available homes for sale increased by 97 homes to 1,408 units.  This inventory is 16.2% less than last year.  The current supply of homes is 3.0 months (it was 2.8 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.

St Lucie County Single Family Homes September 2023 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes September 2023 Market Report

Martin County Single Family Homes September 2023 Market Report

Martin County Single Family Homes September 2023 Market Report

The Martin County Single Family Homes Market Report showed weaker closed activity compared to last year. As we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. The inventory of available homes for sale declined for the second month in a row. Closed sales were down by 10.0% from last year (they were down by 12.3% in August). At the same time, new pending sales increased by 24.2% compared to last year (which decreased by 15.7% last month).

Prices were mixed for September as compared to last year.  The median sales price increased from last year by 4.8% (down by 12.9% in August) while the average sales price decreased by 5.3% (down by 7.8% last month).

The inventory of available single-family homes decreased by 1 home to 461. This is a 5.1% smaller inventory than last September.  The current supply of homes is 2.9 months.  For September of last year, it was 2.7 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered 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.

Martin County Single Family Homes September 2023 Market Report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes September 2023 Market Report

Florida Single Family Homes September 2023 Market Report

Florida Single Family Homes September 2023 Market Report

The Florida Single Family Home real estate market continues to show some improved sales activity when compared to last year. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 6.1% (were down by 7.9% in August). New sales under contract (new pending sales) were down by 0.1% (were down by 11.7% in August).

Prices increased slightly for September when compared to last year.  The (year-to-year) median sales price was up by 1.3% (it was up by 2.0% in August). And, the average sales price was up by 7.5% (it was up by 3.7% last month).

The inventory of available homes for sale increased by 4.0% from last year.  This represents a 3.2-month supply of inventory (September 2022 had a 2.5-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Previous Florida real estate market report posts.

Florida Single Family Homes September 2023 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes September 2023 Market Report

 

St Lucie County Single Family Homes August 2023 Market Report

St Lucie County Single Family Homes August 2023 Market Report

The August 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 August and we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 8.0% for the month compared to last year (in July they were down by 8.4%). New sales under contract (new pending sales) decreased by 11.4% (they were down by 3.5% last month).

Prices were up slightly for August when compared to last year.  The median sales price was down by 1.3% (was down by 1.8% in July).  The average sales price was up by 0.2% (it was up by 0.1% in July).

The number of available homes for sale increased by 92 homes to 1,311 units.  This inventory is 13.2% less than last year.  The current supply of homes is 2.7 months (it was 2.7 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.

St Lucie County Single Family Homes August 2023 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes August 2023 Market Report

Martin County Single Family Homes August 2023 Market Report

Martin County Single Family Homes August 2023 Market Report

The Martin County Single Family Homes Market Report showed weaker closed activity compared to last year. As we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Even the inventory declined for August. This is the first decline in over a year. Closed sales were down by 12.3% from last year (they were up by 25.0% in July). At the same time, new pending sales decreased by 15.7% compared to last year (which decreased by 6.4% last month).

Prices were down for August as compared to last year.  The median sales price decreased from last year by 12.9% (up by 8.0% in July) while the average sales price decreased by 7.8% (up by 44.0% last month).

The inventory of available single-family homes decreased by 11 homes to 462. This is a 5.7% smaller inventory than last August.  The current supply of homes is 2.9 months.  For August of last year, it was 2.6 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered 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.

Martin County Single Family Homes August 2023 Market Report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes August 2023 Market Report

Florida Single Family Homes August 2023 Market Report

Florida Single Family Homes August 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. After numerous months of rising inventory, August showed unchanged numbers. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.9% (were down by 6.4% in July). New sales under contract (new pending sales) were down by 11.7% (were down by 0.8% in July).

Prices increased slightly for August when compared to last year.  The (year-to-year) median sales price was up by 2.0% (it was up by 0.7% in July). And, the average sales price was up by 3.7% (it was up by 2.2% last month).

The inventory of available homes for sale increased by only 0.2% from last year.  This represents a 3.0-month supply of inventory (August 2022 had a 2.4-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Previous Florida real estate market report posts.

Florida Single Family Homes August 2023 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes August 2023 Market Report

 

Florida Single Family Homes July 2023 Market Report

Florida Single Family Homes July 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. The inventory numbers are rising (though at a reduced rate from previous months). We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 6.4% (were down by 7.9% in June). New sales under contract (new pending sales) were down by 0.8% (were down by 3.2% in June).

Prices increased slightly for July when compared to last year.  The (year-to-year) median sales price was up by 0.7% (it was unchanged at 0.0% in June). And, the average sales price was up by 2.2% (it was down by 0.9% last month).

The inventory of available homes for sale increased by 27.3% from last year.  This represents a 2.8 months supply of inventory (July 2022 had a 2.2 months supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Previous Florida real estate market report posts.

Florida Single Family Homes July 2023 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes July 2023 Market Report

 

St Lucie County Single Family Homes July 2023 Market Report

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.

St Lucie County Single Family Homes July 2023 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes July 2023 Market Report