What Do the Latest Year-Over-Year Numbers From August Say About Our Market?

Tuesday, October 16, 2018   /   by Alexander Haigh

What Do the Latest Year-Over-Year Numbers From August Say About Our Market?



Here are the latest year-over-year statistics comparing August 2017 to August 2018 in St. Lucie, Martin, and Palm Beach counties:


St. Lucie County:


-The number of units closed increased 14% from 467 to 533

-The number of units paid for in cash rose 9.2% from 109 to 119

-The average sale price rose 8.7% from $205,000 to $225,000

-The total dollar amount of the volume sold rose 24% from $101 million to $125 million

-Pending inventory dropped 2.8% from 855 to 831 units

-Total inventory rose 2.9% from 3.5 months to 3.6 months


Martin County:


-The number of units closed dropped 15% from 247 to 208

-The number of units paid for in cash dropped 21% from 76 to 60

-The average sale price rose 2.2% from $467,000 to $477,000

-The total dollar amount of the volume sold dropped 14% from $115 million to $99 million

-Pending inventory increased 1% from 305 to 308 units

-Total inventory dropped 8.2% from 4.9 months to 4.5 months


Palm Beach County:


-The number of units closed rose 1.7% from 1,550 to 1576

-The number of units paid for in cash rose 3% from 499 to 514

-The average sale price rose 8.2% from $462,000 to $501,000

-Total inventory stayed the same at 4.6 months


In summation, we’re essentially in a neutral market, and because interest rates are still incredibly low, there are great opportunities out there for both buyers and sellers if you have the right Realtor at your side.


If you have any other questions about our market or you’re thinking of buying or selling, don’t hesitate to give me a shout. I’d love to help you.

 

  market update

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.