Market Updates

The September 2023 Market Update indicates that in Palm Beach County Florida during the month of September $1 billion worth of properties changed hands. This represents a tidy 3.7% increase over September of last year. Furthermore, during the same time period, the median sale price in the county rose 3.4% to $600,000. The number of listings also rose by an astonishing 8.3% from last year's numbers,...

The August 2023 Market Update indicates that in Palm Beach County, the months supply of inventory has stayed at 2.9 months from July to August, representing a 7.4% increase from August of last year. The median sale price in the county has risen by 7.1% from last year to $605,000, but has remained relatively stable compared to the previous month. Housing transactions in Palm Beach County increased by...

Fresh off the press! The Florida Realtors® have unveiled their July 2023 market update report, showcasing the latest real estate trends in Palm Beach County. This report offers a comparative analysis based on year-over-year figures. Dive into the statistics for single-family homes below. As the inventory saw a year-over-year drop in July, the supply duration extended to 2.9 months—an elevation of 7.4%...

If you're in the market for a new property, now is the time to act. Interest rates are steadily rising, and the average rate on a 30-year, fixed-rate mortgage rose for three weeks in a row. Currently at 6.96% up from the previous week’s average 6.90%. The lack of housing inventory is making it more and more difficult to find what you're looking for. Consequently, although rates are up, the market is...