St Lucie County Monthly Market Report - March March 2025 | Page 17

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

New Pending Sales

The number of listed properties that went under contract during the month
Economists ' note: Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Month
New Pending Sales
Percent Change
Year-over-Year
Year-to-Date
303
-3.8%
March 2025
105
-4.5%
February 2025
99
-16.8%
January 2025
99
15.1 %
December 2024
68
54.5 %
November 2024
53
-38.4%
October 2024
53
-30.3%
September 2024
70
-5.4%
August 2024
70
-35.2%
July 2024
85
-31.5%
June 2024
81
-19.8%
May 2024
78
-28.4%
April 2024
133
17.7 %
March 2024
110
-19.7%
250
2021 2022 2023 2024
Pending Sales
200 150 100 50 0
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

New Listings

The number of properties put onto the market during the month
Economists ' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value— and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
Month
New Listings
Percent Change
Year-over-Year
Year-to-Date
554
2.8 %
March 2025
165
-3.5%
February 2025
177
4.7 %
January 2025
212
6.5 %
December 2024
130
-9.1%
November 2024
152
6.3 %
October 2024
140
-11.9%
September 2024
110
-16.7%
August 2024
134
12.6 %
July 2024
111
-8.3%
June 2024
116
-14.7%
May 2024
145
18.9 %
April 2024
167
33.6 %
March 2024
171
4.9 %
250
2021 2022 2023 2024
New Listings
200 150 100 50
0
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.