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.
Closed sales increased 105.3% to 273, and median sale price rose 28.7% to $469,900.
Palm Beach County
Closed sales increased 90.7% to 1,890, and median sale price rose 30.1% to $475,000.
Closed sales increased 100.7% to 1,634, and median sale price rose 24.5% to $463,750.