Home sales in ZIP code 32084, which includes the city of St. Augustine, fell in January to their lowest level on a three-month trailing average basis since March 2019, recent data show.
The January reading registered 65 homes on a three-month trailing average, according to Reventure data.
The last time the measure was lower was March 2019, at 64. Every month from April 2019 through the end of 2025 came in above 65.
After holding largely in the 60s and 70s during 2019, the rolling average began climbing in the second half of 2020.
The increase accelerated into 2021 as monthly sales strengthened due to low interest rates and COVID-fueled demand.
The three-month trailing average ultimately peaked in mid-2021 at 123 homes, the highest level shown on the chart.
From that peak, activity began to cool. Through late 2021 and into 2022, the trailing average remained elevated but trended gradually lower from triple-digit readings.
By 2023, the measure had fallen back into the 90s and then into the 80s. The slowdown continued through 2024 and 2025, with the average moving into the 70s before declining further to 65 in January.
A three-month trailing average smooths out monthly volatility by averaging sales from the current month and the prior two months.
Each new month replaces the oldest month in the calculation. This reduces sharp one-month spikes or drops and provides a clearer view of the underlying trend.
The current reading reflects a return to nearly pre-pandemic turnover levels, showing that the market has retraced almost all of the gains seen during the pandemic-era surge.
