2017 St. Lucie County Year End Real Estate Market Report
Robust Sales Continue Strong Pace in St Lucie County Housing Market
Sales in St Lucie County continue their strong pace, up 9% year over year. Listings remain even tighter with only a 90 day supply of inventory. With such a tight level of inventory, buyers are challenged and need to be prepared to move quickly. This is particularly true in the starter home market where inventory is under a two months supply. Prices for single family homes in the St Lucie County market grew by 9% in the under $250k segment. For homes in the mid-range, $250K-$1mil, while inventory has shrunk, prices have remained relatively stable. With decreasing inventory the prices in this mid-range market should accelerate this year going up 4-6%. The real excitement in the St Lucie County market is the growth in the luxury housing market, with homes selling in the $1mil + range. And with more high-end inventory being built that sales pace should continue.