Recent Posts by Barry Frette

Facts About REALTORS’® Compensation

Facts About REALTORS'® Compensation are often misunderstood. So here are answers to questions regarding why home sellers' brokers often cover the compensation of buyers' brokers, along with essential information for buyers and sellers. This practice benefits both parties economically, increases access for various buyer demographics, and allows small brokers to compete with larger ones. Moreover,…
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February 2024 Market Update Palm Beach County

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…
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Rental prices in Florida are gradually decreasing

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…
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January 2024 Market Update Palm Beach County

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…
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