Hot off the press! The 2023 Year End Market Report & December Numbers from Florida Realtors® are now available, providing an in-depth look at Palm Beach County's real estate trends. These reports offer a comparative analysis of year-over-year data, focusing specifically on single-family home statistics. In 2023, Palm Beach County experienced a notable increase in real estate activity. New listings...

Modest Increase in Home Listings The recent decrease in mortgage rates has led to more homeowners listing their properties, yet the modest increase in home listings is still not enough to bring the housing market's inventory back to pre-pandemic levels. Active listings in the U.S. rose by 4.9% in December year-over-year, with a significant 9.1% increase in new listings. Despite this uptick, the market...

In December, the Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 2.9 points to 67.2, mainly due to a rise in consumers expecting mortgage rates to drop over the next year. A record 31% of those surveyed predict lower mortgage rates, and 17% consider it to be a good time to buy, up from the previous record low of 14%. Mark Palim of Fannie Mae notes this shift in expectations follows recent...

Palm Beach County's inventory supply has risen by 18.2% from last year to 3.9 months, with a total dollar volume of $846.8 million this month, slightly higher than the $828.2 million reported in 2022. The county recorded 4,568 active listings, including 1,531 new ones, marking a 12.6% increase from November 2022. David Serle, the 2024 president of Broward, Palm Beaches & St. Lucie Realtors®,...