What the Stats Say About Our South Florida Market

The latest numbers are in from September in our South Florida market. Here’s how they compare to the numbers we saw in 2018:

St. Lucie County:

-Closed sales increased 24% from 404 to 501 units

-The number of units paid in cash rose 10.8% from 102 to 113 units

-The average sale price rose 5.1% from $239,432 to $251,550

-The total dollar volume of homes sold rose 30.3% from $96.7 million to $126 million

-Pending sales increased 17.7% from 418 to 492 units

-New listings decreased 6.6% from 595 to 556 units 

-The month’s supply of inventory dropped 2.7% from 3.7 to 3.6 months

Martin County:

-Closed sales stayed exactly the same—197 units 

-The number of units paid in cash rose 10.8% from 65 to 72 units

-The average sale price rose 24.9% from $392,218 to $489,965

-The total dollar volume of homes sold rose 24.9% from $77.3 million to $96.5 million

-Pending sales increased 8.9% from 179 to 195 units

-New listings decreased 9.9% from 203 to 183 units 

-The month’s supply of inventory rose 4.7% from 4.3 to 4.5 months 

Palm Beach County:

-Closed sales increased 10.5% from 1,227 to 1,356 units

-The number of units paid in cash rose 3.9% from 386 to 401 units

-The average sale price rose 18.6% from $480,937 to $570,559

-The total dollar volume of homes sold rose 31.1% from $590.1 million to $773.7 million

-Pending sales decreased 0.6% from 1,388 to 1,379 units 

-New listings decreased 11.1% from 1,824 to 1,622 units

-The month’s supply of inventory dropped 6.5% from 4.6 to 4.3 months

If you’re interested in selling, these numbers indicate that now is a great time to do so. It’s also a great time to buy, though, because interest rates are so low. No matter what your situation is, you need to find a good Realtor to work with first, so don’t hesitate to reach out to me if you’re ready to buy or sell. 

As always, if you have any other real estate questions, feel free to reach out to me as well. I’d love to help you. 

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