ST. LUCIE CLOSED SALES SKYROCKET
SELLERS COMMAND 100% OF ASKING PRICE
Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year-over-year data for April. Here are statistics on single family homes.
“St. Lucie County closed sales skyrocketed in April! We saw a 47.3 percent increase to 694 year-over-year. It’s amazing to see how the market has developed since the COVID-19 pandemic struck America. When faced with adversity and uncertain times, Realtors® came together to help buyers and sellers reach their real estate goals. I’m proud of the resiliency shown by the real estate community and look forward to seeing how the rest of 2021 will play out,” said Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®.
Closed sales are one of the simplest – yet most important indicators for the residential real estate market. Closed sales are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes, rather than changes from one month to the next.
“One key statistic to keep an eye on as the market progresses is the median percent of original listing price. St. Lucie sellers are commanding 100% of their original asking price. Sale-to-list ratio is worth watching as the year goes on. The continued growth that we keep seeing in the market is a huge indication of how South Florida remains firmly one of America’s real estate hotspots. If you’re interested in buying or selling, contact a local Realtor® for their expertise on how you can take advantage of this exciting time in the St. Lucie County market,” continues Johnson.
The median percent of original list price received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling in order to get a contract on the house.