Real Estate Market Report - Saint Cloud, Florida (July 2023)

Discover the Latest Trends in Saint Cloud's Housing Market

Welcome to the July 2023 Real Estate Market Report for the charming city of Saint Cloud, Florida. If you're considering buying or selling a home in this beautiful area, you've come to the right place. We'll provide you with a comprehensive overview of the current market conditions, giving you the insights you need to make informed decisions.

Current Market Snapshot

Let's dive right into the heart of the matter with the current market conditions in Saint Cloud:

• Active Listings: There are currently 796 active listings in Saint Cloud, Florida. This means you have a wide range of options if you're in the market for a new home.

• Pending Listings: There are 530 pending listings, indicating a healthy level of demand in the market. Buyers are actively pursuing their dream homes in this picturesque city.

• Median List Price: The median list price for homes in Saint Cloud stands at $424,445. This figure gives you a rough idea of the pricing landscape in the city.

Price Trends

Now, let's take a closer look at the price trends in Saint Cloud, Florida:

• Median Sale Price: Over the past year, the median sale price in Saint Cloud has increased by 2%. This upward trend is encouraging for both buyers and sellers, showing the resilience of the local real estate market.

• Home Value: The average home value in Saint Cloud, FL has seen a decrease of $7 per square foot compared to last year. This can present opportunities for buyers looking to find great deals on their future homes.

• Sale to List Ratio: The median sale to list ratio remains stable compared to last year. This consistency suggests that sellers are pricing their homes realistically, and buyers are finding fair deals in the market.

Market Activity

Let's explore the market activity in Saint Cloud:

• Closed Deals: The number of closed deals has decreased by 11% compared to last year. While this might indicate a slightly slower market, it's essential to remember that it's still a dynamic and active one.

• Market Time: Properties are currently selling 16 days slower than they were last year. This could be due to various factors, including changes in buyer behavior or market conditions. It's crucial to work with a real estate professional who understands these nuances.

Demographic Insights

To provide you with a more holistic view of Saint Cloud, here are some demographic insights:

• Population: The population of Saint Cloud, Florida, stands at 46,624, making it a vibrant and growing community.

• Median Age: The median age of residents in Saint Cloud is 36.5, indicating a diverse mix of generations enjoying life in this city.

• Vacancy Rates: There's a 4.0% homeowner vacancy rate and a 5.8% rental vacancy rate among the city's 17,618 housing units. These figures demonstrate a healthy balance between homeownership and rental options.

In conclusion, Saint Cloud, Florida, continues to be an appealing destination for homebuyers and investors alike. While there have been some fluctuations in market activity and pricing, the overall market remains robust and full of potential. Whether you're looking for your forever home or considering selling, partnering with a knowledgeable real estate professional in Saint Cloud will help you navigate this exciting market with confidence.

Stay tuned for more updates on Saint Cloud's real estate market, and if you have any questions or are ready to make your move, don't hesitate to reach out to us. We're here to help you achieve your real estate goals in beautiful Saint Cloud, Florida.