2020 and 2021 Market Comparison

Here’s the comparable data from the 2020 and 2021 real estate markets.

The 2021 real estate market was one of the hottest markets we’ve ever seen, and there’s a lot of interesting data to go over. Today I’ll be comparing the 2020 market to the 2021 market:

St. Lucie County

  • Closed sales increased 14.6% from 6,372 to 7,302 units
  • The median sale price rose 23% from $249,900 to $307,500
  • The total dollar volume of homes sold rose 44.7% from $1.7 billion to $2.5 billion
  • The median time to contract fell 66.7% from 30 days to 10 days
  • The supply of inventory dropped 44.4% from 1.8 months to 1 month

Martin County

  • Closed sales increased 5.4% from 2,655 to 2,798 units
  • The median sale price rose 19.9% from $400,000 to $479,500
  • The total dollar volume of homes sold rose 43.2% from $1.6 billion to $2.3 billion
  • The median time to contract fell 61.5% from 39 days to 15 days
  • The supply of inventory dropped 63.6% from 2.2 to 0.8 months

Palm Beach County

  • Closed sales increased 7.3% from 18,174 to 19,495 units
  • The median sale price rose 22% from $389,500 to $475,000
  • The total dollar volume of homes sold rose 45.5% from $12.4 billion to $18.1 billion
  • The median time to contract fell 59.5% from 37 days to 15 days
  • The supply of inventory dropped 52.2% from 2.3 to 1.1 months

With these trends still continuing in 2022, I think we’re going to be in for another strong seller’s market this year. If you want to go over these numbers further or have any questions, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

 

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