St Lucie County Monthly Market Report - March March 2025 | Page 7

Monthly Market Detail- March 2025 Single-Family Homes 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
1,554
-7.8%
March 2025
621
2.8 %
February 2025
474
-18.6%
January 2025
459
-8.0%
December 2024
348
8.1 %
November 2024
393
0.0 %
October 2024
378
-14.1%
September 2024
454
-7.3%
August 2024
467
-3.5%
July 2024
559
2.2 %
June 2024
517
-5.5%
May 2024
568
-4.1%
April 2024
566
-2.2%
March 2024
604
-8.5%
1,000
2021 2022 2023 2024
Pending Sales
800 600 400 200
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

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
2,364
9.4 %
March 2025
770
6.6 %
February 2025
755
8.2 %
January 2025
839
13.2 %
December 2024
548
11.6 %
November 2024
637
9.6 %
October 2024
557
-16.2%
September 2024
631
1.3 %
August 2024
686
9.9 %
July 2024
613
1.8 %
June 2024
670
20.7 %
May 2024
703
27.4 %
April 2024
767
41.3 %
March 2024
722
11.1 %
New Listings
1,200
1,000 800 600 400 200
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.