The Latest Numbers From the South Florida Real Estate Market

Posted by Alexander Haigh on Tuesday, April 9, 2019 at 1:03 PM By Alexander Haigh / April 9, 2019 Comment

For single-family homes in St. Lucie County:

387 homes sold in February 2018 and 357 sold in February 2019, down 7.8%
There were 117 paid-in-cash sales in February 2018 and 86 in February 2019, down 26.5%
The average sale price was $225,294 in February 2018 and $239,820 in February 2019, up 6.4%.
The dollar volume of homes sold was $87.2 million in February 2018 and $85.6 million in February 2019, down 1.8%.
There were 672 new listings in February 2018 and 624 in February 2019, down 7.1%.
There were 1,768 active listings in February 2018 and 2,171 in February 2019, up 22.8%.
There was 3.8 months’ worth of inventory in February 2018 and 4.8 in February 2019, up 26.3%.

For single-family homes in Martin County:

169 homes sold in February 2018 and 168 sold in February 2019, down 0.6%.
There were 69 paid-in-cash sales in February 2018 and 74 in February 2019, up 7.2%.
The average sale price was $449,989 in February 2018 and $458,903 in February 2019, up 2.0%.
The dollar volume of homes sold was $76 million in February 2018 and $77.1 million in February 2019, up 1.4%.
There were 309 new listings in February 2018 and 329 in February 2019, up 6.5%.
There were 1,039 active listings in February 2018 and 1,178 in February 2019, up 13.4%
There was 5.1 months’ worth of inventory in February 2018 and 5.9 in February 2019, up 15.7%.

For single-family homes in Palm Beach County:

1,217 homes sold in February 2018 and 1,098 sold in February 2019, down 9.8%.
There were 465 paid-in-cash sales in February 2018 and 430 in February 2019, down 7.5%.
The average sale price was $594,100 in February 2018 and $530,109 in February 2019, down 10.8%.
The dollar volume of homes sold was $723 million in February 2018 and $582.1 million in February 2019, down 19.5%.
There were 2,233 new listings in February 2018 and 2,230 in February 2019, down 0.1%.
There were 7,525 active listings in February 2018 and 8,269 in February 2019, up 9.9%.
There was 5.2 months’ worth of inventory in February 2018 and 5.8 in February 2019, up 11.5%.

If you have any questions for me in the meantime about any of these numbers or about anything else related to real estate, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.