How Did Q1 Fare in Our Market?

Today’s numbers compare quarter one of 2020 to that of 2019.

I’m sharing our real estate market’s overall numbers from the first quarter of 2020. These statistics are compared to the same time frame in 2019. So without further ado...

St. Lucie County:

  • Closed sales up 12.9%

  • Paid in cash up 26.4%

  • Average sale price up 3.8%

  • Dollar volume up 17.2%

  • New listings up 3.9%

  • Pending sales up 8.9%

  • Month supply of inventory down 17%


Martin County:

  • Closed sales up 9.6%

  • Paid in cash up 19.4%

  • Average sale price up 0%

  • Dollar volume up 9.6%

  • New listings down by 10.5%

  • Pending sales down by 15%

  • Month supply of inventory down 17%


Palm Beach County:

  • Closed sales up 12%

  • Paid in cash up 8.4%

  • Average sale price up 11.6%

  • Dollar volume up 25%

  • New listings down by 10.8%

  • Pending sales down by 18.2%

  • Month supply of inventory down 26%

We receive many questions about how things are going in the market due to the pandemic. Our group had 15 closings in April and nine pending. As we continue on, we’ll have to look in hindsight at the numbers to see how things went. It’s hard to say what’s going on as it’s happening because things are still uncertain. 

“It’s still a great time to buy in our state.”

However, we are still seeing people move to Florida; we have great weather, not as many people affected by the coronavirus, and low taxes. It’s still a great time to buy in our state. Stay healthy out there!

If you have further questions about our market or real estate in general, please reach out via phone or email. We would love to help you.

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