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Wednesday, March 28, 2018   /   by Alexander Haigh

What Do the Past Year-Over-Year Numbers Say About Our Current Market?

To get an idea of where our tri-county market is headed in 2018, we’re going to examine the year-over-year change of five statistical criteria from December 2016 to December 2017.

We’ll start with closed sales for single-family homes. In Martin County, the number of closed sales decreased 7.2% from 195 sales to 181. In St. Lucie County, they rose 3.3% from 478 to 494. In Palm Beach County, they decreased 1.8% from 1,413 to 1,387.

Next up are single-family homes that were paid for in cash. In Martin County, this number decreased 21.8% from 78 sales to 61 sales. In St. Lucie County, the number of all-cash sales dropped 29.9% from 154 to 108. In Palm Beach County, all-cash sales decreased 6.5% from 505 to 472.

Now, let’s move on to the average sale price. In Martin County, this number dropped 0.6% from $446,396 to $443,576. In St. Lucie County, it rose 4.9% from $210,367 to $220,682. In Palm Beach County, it rose 20% from $423,485 to $508,253.

A ...

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