The Latest Stats From October Are Amazing

Our marketplace is exploding, and here are the stats to prove it.

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For my latest market report, I’m comparing the stats from October 2020 to October 2019 in our tri-county area:

St. Lucie County:

  • 24.6% increase in units closed

  • 19.8% increase for paid-in-cash units

  • 19.7% increase in average sale price

  • 49.2% increase in dollar volume

  • 11.8% increase in pending inventory

  • 45.2% decrease in new listings

  • 51.4% decrease in months’ supply of inventory

Martin County:

  • 34% increase in units closed

  • 46% increase for paid-in-cash units

  • 28.2% increase in average sale price

  • 71.8% increase in dollar volume

  • 36.9% increase in pending inventory

  • 43.5% decrease in new listings

  • 47.8% decrease in months’ supply of inventory

Palm Beach County:

  • 32.8% increase in units closed

  • 34.9% increase for paid-in-cash units

  • 35.4% increase in average sale price

  • 79.8% increase in dollar volume

  • 24% increase in pending inventory 

  • 35.6% decrease in new listings

  • 37.8% decrease in months’ supply of inventory

Across the board, inventory is down, while prices, pending inventory, paid-in-cash units, and total dollar volume are all up. These are astonishing times in our real estate market. If you think people aren’t moving to Florida due to our low tax base, low cost of living, pleasant weather, etc., think again. It’s a wonderful time to sell, and because interest rates are still low, it’s a wonderful time to buy as well. 

If you’re thinking of buying or selling a home in the tri-county area or have any real estate questions at all, don’t hesitate to reach out to me. I’d love to help you.

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