All Things The Treasure Coast- St Lucie County Real Estate Metrics

The real estate metrics for St. Lucie County in January 2024 indicate that it is a seller's market. The median days homes are on the market is 37, suggesting a fast-paced market. The list to sell price percentage is 97.6%, showing that homes are selling close to or above the initial asking price. The median sold price is $405,000, giving buyers an idea of the price range and sellers a reference point for pricing their homes competitively. Overall, there is low inventory and homes are selling quickly, giving sellers an advantage. Welcome to All Things The Treasure Coast. My name is Pauline Crang. I'm a real estate agent with Keller Williams of The Treasure Coast. Today we're going to talk about St. Lucie County real estate metrics for January 2024. We have the medium day homes on the market which currently stands at 37 days. This metric indicates the average number of days it takes for a home to sell from the time it is listed. A lower number suggests a faster paced market with homes selling relatively quickly. Buyers should be prepared for potential competition while sellers may expect quicker sales. Next let's consider the list to sell price percentage which currently stands at 97.6 percent. This metric represents the percentage of the original list price that a home ultimately sells for. A higher percentage indicates their homes are selling close to or even above initial asking price. For sellers this implies a strong market where they have a higher chance of achieving their desired price. Lastly we have the median sold price which currently stands at $405,000. This figure represents the midpoint of all the homes sales priced in a given market. It serves as a benchmark to understand the average price at which homes are being sold. For buyers this metric provides an idea of the price range they can expect while sellers can use it as a reference point for pricing their homes competitively. In summary these real estate metrics provide a valuable insight into the current market conditions. With a relatively low supply of inventory, a decreasing trend in supply over the past year, homes selling quickly, and a high list to sell price percentage it appears to be a seller's market. The median sold price of $405,000 indicates the average price range of his homes being sold. Buyers should be prepared for potential competition and sellers may have an advantage in negotiating favorable terms. My name is Pauline Crane. I'm a resident homeowner and realtor on the Treasure Coast. Thanks for watching.