St Lucie County Monthly Market Report - March March 2025 | Page 18

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

Inventory( Active Listings)

The number of property listings active at the end of the month
Economists ' note: There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market( regardless of whether they actually sell). Likewise, it falls when New Listings aren ' t keeping up with the rate at which homes are going off-market.
Month
Inventory
Percent Change
Year-over-Year
YTD( Monthly Avg)
881
35.7 %
March 2025
881
31.3 %
February 2025
895
39.4 %
January 2025
866
36.6 %
December 2024
764
37.4 %
November 2024
766
45.9 %
October 2024
711
53.6 %
September 2024
673
66.2 %
August 2024
667
77.4 %
July 2024
659
76.7 %
June 2024
672
70.1 %
May 2024
694
85.1 %
April 2024
676
73.8 %
March 2024
671
69.0 %
1,000
2021 2022 2023 2024
800
Inventory
600 400 200
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

Months Supply of Inventory

An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists ' note: MSI is a useful indicator of market conditions. The benchmark for a balanced market( favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers ' market, and anything lower is a sellers ' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month ' s Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Month
Months Supply
Percent Change
Year-over-Year
YTD( Monthly Avg)
11.4
54.1 %
March 2025
11.7
53.9 %
February 2025
11.6
58.9 %
January 2025
11.0
48.6 %
December 2024
9.8
53.1 %
November 2024
9.8
60.7 %
October 2024
8.8
63.0 %
September 2024
8.2
70.8 %
August 2024
8.1
84.1 %
July 2024
7.7
71.1 %
June 2024
7.9
64.6 %
May 2024
7.9
75.6 %
April 2024
7.6
61.7 %
March 2024
7.6
68.9 %
Months Supply of Inventory
14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
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.