2023 - South Palm Living

November 2023 Market Update Palm Beach County

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…

October 2023 Market Update Palm Beach County

The October 2023 Market Update for Palm Beach County shows an 11.4% increase in new listings, totaling 1,757, and a 12.5% rise in the months' supply of inventory to 3.6 months, compared to the previous year. The county also saw a 3.5% increase in closed sales, with 1,086 transactions and 4,224 active listings, as reported…

2024 Real Estate Predictions Lawrence Yun, the National Association of Realtors® (NAR) Chief Economist, has analyzed the U.S. residential real estate market, noting high mortgage rates, elevated home prices, and limited inventory as ongoing challenges. He projected an 18% decrease in home sales for 2023, following a previous 17% drop in 2022, largely due to…

September 2023 Market Update Palm Beach County

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…