Our Market Is Screaming-Hot

Our tri-county market is red hot, and here are the stats to prove it. 

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Today I’m bringing you our market report comparing June 2020 to June 2019 in our tri-county area:

St. Lucie County:

• 6.1% increase in units closed
• 11.2% decrease for paid-in-cash units
• 3.3% increase in average sale price
• 9.6% increase in dollar volume
• 31.9% increase in pending inventory
• 7% increase in new listings
• 32.5% decrease in months’ supply of inventory

Martin County:

• 3% increase in units closed
• 10.4% increase for paid-in-cash units
• 45.5% increase in average sale price
• 49.8% increase in dollar volume
• 37% increase in pending inventory
• 9% increase in new listings
• 25.5% decrease in months’ supply of inventory

Palm Beach County:

• 12.6% decrease in units closed
• 16.5% decrease for paid-in-cash units
• 32.8% increase in average sale price
• 16% increase in dollar volume
• 8.6% increase in pending inventory
• 0.9% increase in new listings
• 22.9% decrease in months’ supply of inventory

These numbers tell us we’re in an incredibly hot seller’s market. Interest rates are still low, and we have buyers coming in from all over the place who don’t want to be inside if they don’t have to be.

If you have questions about our tri-county market or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m here to help.

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