St Lucie County Single Family Homes July 2021 Market Report

St Lucie County Single Family Homes July 2021 Market Report

The July 2021, St Lucie County Single Family Home market showed slightly improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 5.0% for the month compared to last year (in June they were up by 25.7%). New sales under contract (new pending sales) decreased by 19.9% (they were down by 36.0% last month).

Prices continued to rise in July.  The median sales price was up by 26.0% (was up by 24.5% in June).  The average sales price was up by 23.1% (it was up by 28.9% in June).

The number of available home listings decreased by 258 homes to 659 homes.  This inventory is 39.1% less than last year.  The current supply of homes is only 1.1 months (it was 2.2 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes July 2021 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 2021 Market Report

Martin County Single Family Homes July 2021 Market Report

Martin County Single Family Homes July 2021 Market Report

The Martin County Single Family Homes Market Report showed fewer closed and new pending sales when compared to last year. This is most likely a result of the historically low inventory of properties available for sale. There appear to be many buyers but not enough available listings. Closed sales were down by 8.6% from last year (were up by 105.3% in June).  While new pending sales decreased by 18.4% as compared to last year (decreased by 40.1% last month).

Prices continued to rise in July.  The median sales price increased from last year by 16.7% (it was up by 19.5% in June) while the average sales price increased by 7.1% (up by 10.3% last month).

The inventory of available single-family homes decreased by 60 homes from last month to 305 homes. This is 54.5% less inventory than last July.  The current supply of homes is only 1.2 months.  For July of last year, it was a 3.4 months supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes  July 2021 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 July 2021 Market Report

Florida Single Family Homes July 2021 Market Report

Florida Single Family Homes July 2021 Market Report

The Florida Single Family Home market activity had a decline in closed sales when compared to last year. Pending sales were also lower. This is a result of the historically low inventory of homes on the market. There are many buyers but not enough available homes. Closed sales were down by 2.1% (were up by 23.6% in June). New sales under contract (new pending sales) were down by 14.1% (were down by 13.8% in June).

Prices continued to rise.  The median sales price rose by 20.3% (it was up by 24.5% in June). And, the average sales price was up by 22.8% (it was up by 36.0% last month).

The inventory of available homes for sale decreased by 38.9% from last year.  This represents only a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (July 2020 had a 2.5 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes July 2021 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 2021 Market Report

St Lucie County Single Family Homes June 2021 Market Report

St Lucie County Single Family Homes June 2021 Market Report

The June 2021, St Lucie County Single Family Home market showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 25.7% for the month compared to last year (in May they were up by 65.7%). New sales under contract (new pending sales) decreased by 36.0% (they were down by 26.6% last month).

Prices continued to rise in June.  The median sales price was up by 24.5% (was up by 26.4% in May).  The average sales price was up by 28.9% (it was up by 37.0% in May).

The number of available home listings increased by 36 homes to 917 homes.  This inventory is 29.0% less than last year.  The current supply of homes is only 1.5 months (it was 2.7 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes June 2021 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 June 2021 Market Report

Martin County Single Family Homes June 2021 Market Report

Martin County Single Family Homes June 2021 Market Report

The Martin County Single Family Homes Market Report showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 13.2% from last year(were up by 105.3% in May).  While new pending sales decreased by 40.1% as compared to last year (decreased by 20.4% last month).

Prices continued to rise in June.  The median sales price was up from last year by 19.5% (it was up by 28.7% in May) while the average sales price increased by 10.3% (it was up by 84.7% last month).

The inventory of available single-family homes increased by 13 homes from last month to 365 homes. This is 48.7% less inventory than last June.  The current supply of homes is only 1.4 months.  For June of last year, it was a 3.8 months supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes June 2021 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 June 2021 Market Report