St Lucie County Monthly Market Report - March March 2025 | Page 16

Monthly Market Detail- March 2025 Townhouses and Condos St. Lucie County

Median Time to Contract

The median number of days between the listing date and contract date for all Closed Sales during the month
Economists ' note: Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and / or declining numbers of cash sales.
Month
Median Time to Contract
Percent Change Year-over-Year
Year-to-Date
66 Days
32.0 %
March 2025
66 Days
37.5 %
February 2025
65 Days
12.1 %
January 2025
66 Days
53.5 %
December 2024
99 Days
135.7 %
November 2024
50 Days
11.1 %
October 2024
68 Days
119.4 %
September 2024
63 Days
34.0 %
August 2024
82 Days
121.6 %
July 2024
62 Days
93.8 %
June 2024
82 Days
54.7 %
May 2024
60 Days
71.4 %
April 2024
48 Days
26.3 %
March 2024
48 Days
54.8 %
Median Time to Contract
120 100 80 60 40 20 0
2021 2022 2023 2024
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M

Median Time to Sale

The median number of days between the listing date and closing date for all Closed Sales during the month
Economists ' note: Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the " middle " property selling this month was on the market. That is, 50 % of homes selling this month took less time to sell, and 50 % of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Month
Median Time to Sale
Percent Change
Year-over-Year
Year-to-Date
100 Days
12.4 %
March 2025
102 Days
17.2 %
February 2025
99 Days
7.6 %
January 2025
105 Days
23.5 %
December 2024
123 Days
26.8 %
November 2024
94 Days
-2.1%
October 2024
112 Days
51.4 %
September 2024
116 Days
34.9 %
August 2024
123 Days
57.7 %
July 2024
116 Days
81.3 %
June 2024
115 Days
33.7 %
May 2024
89 Days
6.0 %
April 2024
84 Days
12.0 %
March 2024
87 Days
29.9 %
Median Time to Sale
140 120 100 80 60 40 20 0
2021 2022 2023 2024
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, April 24, 2025. Next data release is Thursday, May 22, 2025.