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.