How The 2019 Market Finished
Today I’m sharing year-over-year statistics for the Tri-County area real estate market. We’ll be looking at November 2019 versus November 2018, comparing everything from the average sale price to the closings paid in cash for St. Lucie, Martin, and Palm Beach counties. Each market has its own tale, but to find out what all three have in common, watch this short video.
St. Lucie County:
-Closed sales stayed exactly the same—443 units.
-The number of units paid in cash rose 2.8% from 106 to 109 units
-The average sale price rose 10.8% from $226,738 to $251,226
-The total dollar volume of homes sold rose 10.8% from $100.4 million to $111.3 million
-Pending sales increased 22.3% from 394 to 482 units
-New listings decreased 5.2% from 618 to 586 units
-The month’s supply of inventory dropped 11.9% from 4.2 to 3.7 months
-Closed sales increased 27% from 137 to 174 units.
-The number of units paid in cash rose 20.7% from 58 to 70 units
-The average sale price decreased 0.7% from $437,969 to $434,787
-The total dollar volume of homes sold rose 26.1% from $60.0 million to $75.7 million
-Pending sales increased 10.7% from 159 to 176 units
-New listings decreased 8.1% from 236 to 217 units
-The month’s supply of inventory decreased 8.3% from 4.8 to 4.4 months
Palm Beach County:
-Closed sales increased 0.4% from 1,189 to 1,194 units
-The number of units paid in cash decreased 1.3% from 399 to 394 units
-The average sale price decreased 6.0% from $520,809 to $489,503
-The total dollar volume of homes sold decreased 5.6% from $619.2 million to $584.5 million
-Pending sales increased 12.2% from 1,214 to 1,362 units
-New listings decreased 13.1% from 1,913 to 1,662 units
-The month’s supply of inventory dropped 11.8% from 5.1 to 4.5 months
I hope you found this market update instructive. As always, if you have real estate-related questions, please text, call, email, send a carrier pigeon—whatever suits your fancy; we’d love to hear from you!