The Latest Numbers From the South Florida Real Estate Market

Tuesday, April 9, 2019   /   by Alexander Haigh

The Latest Numbers From the South Florida Real Estate Market

Our latest February numbers are in, so today we’ll be comparing those numbers with what we saw last year in February 2018. What has changed in our South Florida market since then? The numbers don’t lie, so let’s take an in-depth look at what they say.

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.

 


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