Market Updates

The June 2023 Market Update indicates that the amount of inventory available in June increased, with the supply of inventory compared to the same time last year now at 3 months, which is a 30.4% rise from June 2022. The median sale price has remained mostly steady, with only a 0.8% increase since 2022, putting it at $625,000. According to Chris Krzemien, the president of Broward, Palm Beaches & St....

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 housing...

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 - Click Here Palm Beach County market update find here: 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, Palm Beaches & St. Lucie...