June Market Update for South Florida

Here’s my full market update on the South Florida real estate market.

Looking to buy a home? Search All Homes For Sale
Looking to sell a home? Get a Free Market Analysis

The latest year-over-year numbers are in for our South Florida market. Here’s how the June 2021 numbers compare to what we saw in June 2020:

St. Lucie County:

-Closed sales increased 25.7% from 575 to 723 units

-The number of units paid in cash rose 81.6% from 103 to 187 units

-The average sale price rose 28.9% from $255,643 to $329,530

-The total dollar volume of homes sold rose 62.1% from $147 million to $238.3 million

-Pending sales fell 36% from 795 to 509 units

-New listings increased 20% from 625 to 750

-The months’ supply of inventory dropped 44.4% from 2.7 to 1.5 months

Martin County:

-Closed sales rose 13.2% from 243 to 275 units

-The number of units paid in cash rose 38.8% from 85 to 118 units

-The average sale price rose 10.3% from $716,697 to $790,716

-The total dollar volume of homes sold rose 24.9% from $174.2 million to $217.4 million

-Pending sales fell 41% from 315 to 186 units

-New listings increased 14.9% from 241 to 277 units

-The months’ supply of inventory dropped 63.2% from 3.8 to 1.4 months

Palm Beach County:

-Closed sales increased 43.2% from 1,478 to 2.117 units

-The number of units paid in cash rose 114.2% from 436 to 934 units

-The average sale price rose 53.2% from $673,758 to $1,031,919

-The total dollar volume of homes sold rose 119.4% from $995.8 million to $2.2 billion

-Pending sales decreased 51.6% from 2,287 to 1,108 units

-New listings increased 10.7% from 1,846 to 2,043 units

-The months’ supply of inventory dropped 51.4% from 3.7 to 1.8 months

The numbers here show us how incredibly hot our seller’s market is here in Florida. There’s never been a better time to sell a home. If you want to go over these numbers further or have any questions for me about selling, buying, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.