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Market Reports for St. Lucie, Martin, Palm Beach and Broward Counties

by R. Michael Brown

Market Reports for St. Lucie, Martin, Palm Beach and Broward Counties

Aerial drone image of a residential neighborhood Pembroke Pines Florida USA

Just in from the Realtor Association of Broward, Palm Beaches and St. Lucie are newly released market reports from Florida Realtors that detail recent real estate activity in South Florida. The reports compare year-over-year data for May. Here are statistics on single-family homes.

“The momentum keeps building in the South Florida housing market,” said Karen Johnson, president of Broward, Palm Beaches & St. Lucie Realtors. “It’s safe to say that there is a ton of excitement happening in South Florida and homebuyers recognize the investment opportunity as the market continues to thrive.”

Not only are prices rising; but, time to contract has accelerated from 33-40 days in 2020 to 9-12 days in 2021 across the region.

St. Lucie County

Closed sales increased 65.7% to 656, and median sale price rose 26.4% to $299,000.

05-21 St. Lucie County Market Snapshots

05-21 St. Lucie County Market Snapshots

Martin County

Closed sales increased 105.3% to 273, and median sale price rose 28.7% to $469,900.

05-2021 Martin County Market Snapshots

05-2021 Martin County Market Snapshots

Palm Beach County

Closed sales increased 90.7% to 1,890, and median sale price rose 30.1% to $475,000.

05-2021 Palm Beach County Market Snapshot

05-2021 Palm Beach County Market Snapshot

Broward County

Closed sales increased 100.7% to 1,634, and median sale price rose 24.5% to $463,750.

05-2021 Broward County Market Snapshot

05-2021 Broward County Market Snapshot

 

 

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