We were staggered to see the numbers from the April 2020 market as they compared to 2019. Here’s what we mean:
St. Lucie County:
- Closed sales: -11.3%
- Paid in cash: +1.9%
- Average sale price: +2.4%
- Dollar volume: -9.2%
- New listings: -25.4%
- Pending sales: -34.7%
- Month supply of inventory: -16.3%
Martin County:
- Closed sales: -25.2%
- Paid in cash: -41.7%
- Average sale price: -3.7%
- Dollar volume:-28.1%
- New listings: -40.2%
- Pending sales: -49.8
- Month supply of inventory: -14.3%
Palm Beach County:
- Closed sales: -37.8%
- Paid in cash: -47.3%
- Average sale price: +6%
- Dollar volume: -34.1%
- New listings: -43.7%
- Pending sales: -46%
- Month supply of inventory: -3.5%
For the moment, we’re still a neutral market, but if the numbers continue to trend like this, we’ll definitely be heading toward a buyer’s market. If you have any questions about our real estate market trends, don’t hesitate to reach out to me. In the meantime, stay safe and healthy out there!
