BLAZING SUMMER SETS NEW RECORD HIGH IN ST. LUCIE COUNTY » Mortgage Masters Group
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BLAZING SUMMER SETS NEW RECORD HIGH IN ST. LUCIE COUNTY

Graphic for Market Reports from the St Lucie Realtors representing how this blazing summer sets new record high in St. Lucie County

Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year-over-year data for June. Here are statistics on single family homes.

 

“It was a monumental month for the St. Lucie County housing market! The median sale price hit $305,000, making it the highest we have ever seen. June’s market stats show that the low inventory levels aren’t deterring prospective homebuyers from jumping into this red hot market. Low mortgage rates combined with rising sale prices have everyone shopping for homes in the Treasure Coast,” said Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®.

Median sale price is our preferred summary statistic for price activity because, unlike average sale price, median sale price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.

“Meanwhile, closed sales increased 25.7 percent to 723 and homes are flying off the market at astonishing rates. The amount of closed sales we’ve seen this summer easily tops what we saw in the summer of 2020. Homes are going under contract as soon as they are listed; the median time to contract in June was an astonishing 8 days. With the help of Realtors®, people are buying their dream homes or cashing in on the market momentum. So, whether you’re looking to buy or sell, a local Realtor® will help you find what you’re looking for at the right price,” continues Johnson.

Time to contract is a measure of length of the home selling process calculated for sales which closed during the month. Time to contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale.

 

Market Reports: St. Lucie Single Family (Opens as PDF.) | St. Lucie Townhouses/Condos



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