The February 2024 Market Update shows that Palm Beach County's inventory has surged, reaching 5,080 active listings, a 26.1% increase from last year. This month saw a 19.2% rise in overall dollar volume to $1.1 billion, with a median sale price of $615,000. David Serle, 2024 president of Broward, Palm Beaches & St. Lucie Realtors®, notes a 26.5% increase in new listings compared to February 2023,...

Rental prices in Florida are gradually decreasing amid an unprecedented influx of new residents. Rent costs in Florida saw a significant year-over-year decline of 9.21% in January 2023, with an average monthly rent of $2,095, still higher than the national median of $1,964. While cities like Jacksonville experienced rent increases, others like Orlando and Miami saw declines. Factors such as increased...

January 2024 Market Update for Palm Beach County Shows Rise in Available Inventory The January 2024 update indicates that Palm Beach County experienced a notable increase in inventory, up by 16.6% from January 2023, totaling 4,900 active listings. New listings also rose by 12.9% to 1,904 from 1,687 last year. The median sale price in January increased by 5.6% to $615,000. This month, the county closed 811...

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...