August 2023 Market Update Palm Beach County

August 2023 Market Update Palm Beach County

The August 2023 Market Update indicates that in Palm Beach County, the months supply of inventory has stayed at 2.9 months from July to August, representing a 7.4% increase from August of last year. The median sale price in the county has risen by 7.1% from last year to $605,000, but has remained relatively stable compared to the previous month.

Housing transactions in Palm Beach County increased by over 7% this month compared to the previous month. According to Chris Krzemien, the President of Broward, Palm Beaches & St. Lucie Realtors®, the median days to contract continued to increase, reaching 24 days as buyers sift through the current inventory. The unique needs of this region demand different levels of support, complexity, and expertise, which Realtors® understand and are equipped to provide.

Click here to read the full report.

Please call Barry Frette at 561-880-5587 for more information about the August 2023 Market Update.

Read July market reports here: Click Here

Need assistance with commercial transactions? Click here: Frette Commercial

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Barry is a resident of Delray Beach and a Realtor for William Raveis South Florida. He works with buyers and sellers of Luxury Properties & Residential Real Estate with focus on Delray Beach in Palm Beach County. Frette was born and raised in Miami but left in 2004 is now a proud resident of Delray Beach, Florida. He is available 24/7 and goes the extra mile to take care of his clients. For commercial, he specialize in Retail, Office, Industrial and Land Properties. He has a strong network of buyers and sellers, as well as access to the national and local databases. Barry can help you find a site or property to purchase, choose a building or space to lease for your business, market your property to find a tenant, or leverage the Raveis marketing team to help you divest of your property. When assisting residential clients, he relishes developing long-lasting relationships, and takes the time to fulfill the goals of his clients. Whether looking for the perfect home to buy or rent, or when you are selling, Barry takes his time to get the job done efficiently and this will be reflected the first day he begins working with you on your journey. Selling a Real Estate Asset on your own can be an overwhelming task. There's advertising to plan and budget for, private showings to arrange, purchase offers to negotiate, contract contingencies to worry about, and complicated paperwork to fill out. Make it easy on yourself by putting your property in the hands of seasoned professionals. We have extensive experience marketing properties and showing them to their best advantage.

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