Comparing January’s Numbers

The latest numbers from St. Lucie, Palm Beach, and Martin counties.

The latest year-over-year numbers are in for our South Florida market. Here’s how the January 2022 numbers compare to what we saw in January 2021:

St. Lucie County:

  • Closed sales increased 15.6% from 423 to 489 units.
  • The number of units paid in cash rose 10.6% from 113 to 125 units.
  • The average sale price rose 29.7% from $291,783 to $378,315.
  • The total dollar volume of homes sold rose 49.9% from $123.4 million to $185 million.
  • Pending sales increased 3.8% from 640 to 664 units.
  • New listings decreased 4.3% from 692 to 662 units.
  • The months’ supply of inventory dropped 44.4% from 1.8 to 1.0 months.

Martin County:

  • Closed sales dropped 18.4% from 174 to 142 units.
  • The number of units paid in cash increased 5.5% from 73 to 77 units.
  • The average sale price rose 42.1% from $727,707 to $1,034,061.
  • The total dollar volume of homes rose 16% from $126.6 million to $146.8 million.
  • Pending sales decreased 31.9% from 310 to 211 units.
  • New listings dropped 15.2% from 250 to 212 units.
  • The months’ supply of inventory dropped 61.1% from 1.8 to 0.7 month.

Palm Beach County:

  • Closed sales increased 2.9% from 1,154 to 1,188 units.
  • The number of units paid in cash rose 22.2% from 414 to 506 units.
  • The average sale price fell 2.7% from $849,145 to $826,002.
  • The total dollar volume of homes sold rose 0.1% from $979.9 million to $981.3 million.
  • Pending sales decreased 10.6% from 1,777 to 1,588 units.
  • New listings decreased 13.2% from 1,853 to 1,609 units.
  • The months’ supply of inventory dropped 52.2% from 2.3 to 1.1 months.

These are some absolutely amazing numbers. Everything here says we’re in a seller’s market and we don’t see that changing anytime soon. If you’re thinking of selling a home in the near future, please reach out to us.

If you want to go over these numbers further or have any questions about selling, buying, or real estate in general, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.

 

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