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The Honest Broker: MARKET WATCH For March 2022

The Honest Broker: HOA’s and Special Assessments

The Honest Broker: MARKET WATCH For March 2022

   BY: DIANE LOTT, BROKER     PARADISE FOUND REALTY

Single Family Homes

        MAR  2021

        MAR 2022

      % Change

Closed Sales

             297

            200

          -32.7%

Ave. Sale Price

         $843,207

     $764,243

          -9.4%

Median Time to Sale

         64 Days

       49 Days

         -23.4%

New Listings

             308

           262

          -14.9%

Active Inventory (# of homes)

             340

           223

          -34.4%

Months’ Supply of Inventory (absorption rate)

              1.5

            1.0

         -33.3%

SUMMARY:  All market indicators are down. The reduction of homes available, means reduced sales. 

The only thing that seems to be going up are the prices sellers are getting for their homes.

 

Townhomes & Condos

       MAR 2021

       MAR 2022

        % Change

Closed Sales

            134

             97

             -27.6%

Ave. Sale Price

        $302,813

        $328,487

                8.5%

Median Time to Sale

          72 Days

           42 Days

             -41.7%

New Listings

           151

            159 

                5.3%

Active Inventory (# of homes)

           211

            117

             -44.5%

Months’ Supply of Inventory

           2.0

             1.0

             -50%

SUMMARY:  The number of new listings is up 5.3% from last year and the average sale price is up 8.5%.

The number of townhomes and condos on the market is down by 45% from last year and when a listing

is placed on the MLS, it gets “snatched” up quickly.  

CONDITION:  It is still a seller’s market for all types of homeowners; single family, townhomes, and 

condos.

Be Well!

Diane

Diane Lott, Broker

Owner: Paradise Found Realty

*The highest compliment you can give is when you feel you can refer a friend…
  Hope to see them soon!

Paradise Found Realty, Inc. of Palm City

website:  www.ParadiseFoundRealtyFl.com

Email:  diane@paradisefoundrealtyfl.com

Phone:  954-294-5060

Sign up for alerts and daily digests at www.treasurecoast.com

 

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