Florida Single Family Homes October 2023 Market Report

11.22.23 by

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
Download/View the full 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

10.23.23 by

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
Click here to download the full 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

10.21.23 by

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 download the full 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

10.19.23 by

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
Download/View the full 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

09.25.23 by

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
Click here to download the full 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

09.23.23 by

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 download the full 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

09.21.23 by

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
Download/View the full 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

08.27.23 by

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
Download/View the full 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

08.25.23 by

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
Click here to download the full 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

Martin County Single Family Homes July 2023 Market Report

08.23.23 by

Martin County Single Family Homes July 2023 Market Report

The Martin County Single Family Homes Market Report showed better-closed activity than last year. Even as we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Closed sales were up by 25.0% from last year (they were up by 4.3% in June). At the same time, new pending sales decreased by 6.4% compared to last year (which increased by 5.7% last month).

Prices were up for July compared to last year.  The median sales price increased from last year by 8.0% (up by 1.4% in June) while the average sales price increased by 44.0% (down by 10.1% last month).

The inventory of available single-family homes rose by 6 homes to 473. This is an 11.5% greater inventory than last July.  The current supply of homes is 2.9 months.  For July 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 July 2023 Market Report
Click here to download the full 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 2023 Market Report

St Lucie County Single Family Homes June 2023 Market Report

07.24.23 by

St Lucie County Single Family Homes June 2023 Market Report

The June 2023 St Lucie County Single Family real estate market continues to show 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 9.4% for the month compared to last year (in May they were down by 18.3%). New sales under contract (new pending sales) decreased by 3.2% (they were down by 14.2% last month).

Prices were mostly flat or lower for June with little changes from last year.  The median sales price was down by 2.3% (was unchanged at 0.0% in May).  The average sales price was up by 0.6% (it was down by 8.4% in May).

The number of available homes for sale decreased by 36 homes to 1,135 units.  This inventory is 7.6% smaller than last year.  The current supply of homes is 2.3 months (it was 2.0 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 June 2023 Market Report
Click here to download the full 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 2023 Market Report

Martin County Single Family Homes June 2023 Market Report

07.22.23 by

Martin County Single Family Homes June 2023 Market Report

The Martin County Single Family Homes Market Report showed slightly better-closed activity than last year. We are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 4.3% from last year (they were down by 4.2% in May). At the same time, new pending sales increased by 5.7% compared to last year (which decreased by 5.1% last month).

Prices were mostly flat or lower for June with little changes from last year.  The median sales price increased from last year by 1.4% (up by 8.1% in May) while the average sales price decreased by 10.1% (up by 3.1% last month).

The inventory of available single-family homes rose by 4 homes to 467. This is an 8.9% greater inventory than last June.  The current supply of homes is 2.9 months.  For June of last year, it was 2.2 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 June 2023 Market Report
Click here to download the full 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 2023 Market Report

Florida Single Family Homes June 2023 Market Report

07.20.23 by

Florida Single Family Homes June 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year, but is improving. 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 7.9% (were down by 8.5% in May). New sales under contract (new pending sales) were down by 3.2% (were down by 9.1% in May).

Prices were mostly flat or lower for June with little changes from last year.  The (year-to-year) median sales price was unchanged at 0.0% (it was also unchanged at 0.0% in May). And, the average sales price was down by 0.9% (it was down by 0.2% last month).

The inventory of available homes for sale increased by 13.8% from last year.  This represents a 2.8 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (June 2022 had a 1.9 months supply)  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 June 2023 Market Report
Download/View the full 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 June 2023 Market Report

 

St Lucie County Single Family Homes May 2023 Market Report

06.26.23 by

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.

St Lucie County Single Family Homes May 2023 Market Report
Click here to download the full 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 May 2023 Market Report

Martin County Single Family Homes May 2023 Market Report

06.24.23 by

Martin County Single Family Homes May 2023 Market Report

The Martin County Single Family Homes Market Report showed slightly slower closed activity than last year. We are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 4.2% from last year (they were up by 3.6% in April). At the same time, new pending sales decreased by 5.1% compared to last year (which increased by 8.4% last month).

Prices were up for May.  The median sales price increased from last year by 8.1% (down by 8.0% in April) while the average sales price increased by 3.1% (up by 14.4% last month).

The inventory of available single-family homes remained unchanged at 463. This is a 35.8% greater inventory than last May.  The current supply of homes is 2.9 months.  For May of last year, it was 1.7 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.

Martin County Single Family Homes May 2023 Market Report
Click here to download the full 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 May 2023 Market Report

Florida Single Family Homes May 2023 Market Report

06.22.23 by

Florida Single Family Homes May 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are rising (though at a reduced rate from previous months), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 8.5% (were down by 17.2% in April). New sales under contract (new pending sales) were down by 9.1% (were down by 7.6% in April).

Prices were mostly flat for May with little changes from last year.  The (year-to-year) median sales price was unchanged at 0.0% (it was also unchanged at 0.0% in April). And, the average sales price was down by 0.2% (it was down by 3.6% last month).

The inventory of available homes for sale increased by 46.7% from last year.  This represents a 2.7 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (May 2022 had a 1.4 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 May 2023 Market Report
Download/View the full 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 May 2023 Market Report

 

St Lucie County Single Family Homes April 2023 Market Report

05.22.23 by

St Lucie County Single Family Homes April 2023 Market Report

The April 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, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 21.8% for the month compared to last year (in March they were down by 23.9%). New sales under contract (new pending sales) decreased by 13.7% (they were down by 15.1% last month).

Prices rose for April, though at a very slim rate.  The median sales price was unchanged at 0.0% (was up by 1.4% in March).  The average sales price was up by 0.5% (it was up by 2.6% in March).

The number of available home listings decreased by 134 homes to 1,295 units.  This inventory is 91.0% greater than last year.  The current supply of homes is 2.6 months (it was 1.1 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.

St Lucie County Single Family Homes April 2023 Market Report
Click here to download the full 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 April 2023 Market Report

Martin County Single Family Homes April 2023 Market Report

05.20.23 by

Martin County Single Family Homes April 2023 Market Report

The Martin County Single Family Homes Market Report continues to buck the trend with improved sales activity for the second month in a row. But, we are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 3.6% from last year (they were up by 12.5% in March). At the same time, new pending sales increased by 8.4% compared to last year (which increased by 14.4% last month).

Prices were mixed for April.  The median sales price decreased from last year by 8.0% (up by 6.1% in March) while the average sales price increased by 14.4% (up by 26.0% last month).

The inventory of available single-family homes decreased by 26 units from last month to 463. This is a 72.8% greater inventory than last April.  The current supply of homes is 2.9 months.  For April of last year, it was 1.3 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.

Martin County Single Family Homes April 2023 Market Report
Click here to download the full 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 April 2023 Market Report

Florida Single Family Homes April 2023 Market Report

05.18.23 by

Florida Single Family Homes April 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), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 17.2% (were down by 15.0% in March). New sales under contract (new pending sales) were down by 7.6% (were down by 12.0% in March).

Prices were mostly down for April.  The (year-to-year) median sales price was unchanged at 0.0% (it was up by 2.1% in March). And, the average sales price was down by 3.6% (it was down by 2.1% last month).

The inventory of available homes for sale increased by 80.2% from last year.  This represents a 2.6 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (April 2022 had a 1.1 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.

April 2023 Florida Single Family Homes Market Report
Download/View the full 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 April 2023 Market Report

 

St Lucie County Single Family Homes March 2023 Market Report

04.25.23 by

St Lucie County Single Family Homes March 2023 Market Report

The March 2023 St Lucie County Single Family Home market continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 23.9% for the month compared to last year (in February they were down by 22.8%). New sales under contract (new pending sales) decreased by 15.1% (they were down by 9.2% last month).

Prices rose for March, though at a moderate rate.  The median sales price was up by 1.4% (was up by 5.7% in February).  The average sales price was up by 2.6% (it was up by 4.9% in February).

The number of available home listings decreased by 170 homes to 1,429 units.  This inventory is 140.6% greater than last year.  The current supply of homes is 2.8 months (it was 0.9 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.

St Lucie County Single Family Homes March 2023 Market Report
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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 March 2023 Market Report