The local Treasure Coast real estate market has gone through an exciting time in 2018. Treasure Coast homes are selling at a higher price, and spending less time on the market, than most periods in the last few decades. If you are thinking of buying a Treasure Coast home, selling your home on the Treasure Coast, or investing in real estate, contact us at any time. In the meantime, enjoy this market update!
Martin County Real Estate Update!
Compared to the same time in 2017, Martin County Homes are spending nearly 95% more time on the market, while inventory has dropped by 12%. Is this a sign of an upcoming market shift in Martin County real estate? Inventory remains representing a balanced market, and seller's aren't lowering much from their listed price, but the median price has slightly decreased.
St. Lucie County Real Estate Update!
St. Lucie County real estate continues to be a very hot market, with median sale price up 12.5% compared to August 2018, and up over 8% in 2018 year-to-date alone. Inventory is still very low compared to the demand of St. Lucie homes, hovering around 3-4 homes supply, and sellers are still only taking a median 3.4% discount even with inventory in St. Lucie County slightly increasing.
Palm Beach County Real Estate Update!
Real estate in Palm Beach County is still a fairly balanced market, making a small tick towards a sellers market with decreased inventory level compared to the same time last year. Not much has changed, with median sales price and months of inventory remaining the same as that time period in 2017.