Category Archives: Market Updates

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May 2023 Palm Beach County Market Update

May 2023 Palm Beach County Market Update
Florida Realtors® has recently released the much-anticipated market reports for May 2023, providing valuable insights into the current real estate landscape of Palm Beach County. These comprehensive reports analyze and compare year-over-year data, shedding light on the latest trends and developments. Let's delve into the statistics concerning single-family homes, offering a glimpse into the local…
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Mortgage Rates Down a Bit to 6.71%

Mortgage Rates Down a Bit to 6.71%
Mortgage rates hit a 7-month high last week after three increases. Mortgage buyer Freddie Mac said Thursday the average rate on benchmark 30-year home loan fell to 6.71% from 6.79%. You can read the full article here: Mortgage Rates Ease Back - Click Here Get Approved 1% Down Citizens Insurance sees drop in new lawsuits…
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April 2023 Palm Beach County Market Update

April 2023 Palm Beach County Market Update
Palm Beach County is currently witnessing a significant year-over-year increase in inventory, with 3,642 active listings—an impressive surge of 69%. This expansion has led to the county's supply of inventory reaching 3.1 months, marking a substantial 121.4% rise compared to the 1.4 months recorded in 2022. Commenting on this trend, Chris Krzemien, President of Broward,…
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March 2023 Palm Beach County Market Update

March 2023 Palm Beach County Market Update
The Florida Realtors has released their March 2023 Reports. Palm Beach County is experiencing a 6.3% increase on the median home price year-over-year hitting $575,000. The county’s inventory also continues to climb. “Palm Beach County’s increase in median home price and inventory has continued to rise from the start of the year,” says Chris Krzemien,…
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