What the Stats Say About Our Market

Monday, July 8, 2019   /   by Alexander Haigh

What the Stats Say About Our Market




The latest numbers are in from last May in our South Florida market. How do they compare to the numbers we saw in 2018? Let’s take a look:

St. Lucie County:

The number of closed sales went from 598 to 609—a 1.8% increase

The number of sales paid in cash went from 164 to 122—a 22% drop

The average sale price went from $244,812 to $246,448—a 0.7% drop

The total dollar volume of homes sold went from $146.4 million to $150.1 million—a 2.5% increase

The number of new pending sales went from 600 to 634—a 5.7% increase

The number of new listings went from 657 to 688—a 4.7% increase

The months supply of inventory went from 3.5 months to 4.3 months—a 22.9% increase

Martin County:

The number of closed sales went from 238 to 206—a 13.4% drop

The number of sales paid in cash went from 103 to 83—a 19.4% drop

The average sale price went from $537,591 to $535,473—a 0.4% drop

The total dollar volume of homes sold went from $127.9 million to $110.3 million—a 13.8% drop

The number of new pending sales went from 260 to 254—a 2.3% drop

The number of new listings went from 315 to 285—a 9.5% drop

The months supply of inventory went from 5.1 months to 5.7 months—an 11.8% increase

Palm Beach County:

The number of closed sales went from 1,721 to 1,87-—an 8.7% increase

The number of sales paid in cash went from 568 to 628—a 10.6% increase

The average sale price went from $560,873 to $591,775—a 5.5% increase

The total dollar volume of homes sold went from $965.3 million to $1.1 billion—a 14.6% increase

The number of new pending sales went from 1,805 to 1,913—a 6% increase

The number of new listings went from 2,145 to 2,139—a 0.3% drop

The months supply of inventory went from 4.9 months to 5.1 months—a 4.1% increase

As you can see, St. Lucie County is very robust in its sales numbers. In Martin County, on the other hand, the numbers are almost unanimously down. The numbers from Palm Beach County, meanwhile, are up in most of the good categories (with the exception of the months supply of inventory).

If you have any questions about these numbers or our South Florida market in general, don’t hesitate to reach out to me. I’d be happy to help you.  

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.