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January 2023 Palm Beach County Market Update

January 2023 Palm Beach County Market Update
"Inventory continues to rise with 4,202 active listings, up 143.3% and with 3.4 months supply of inventory,” says Chris Krzemien, President of Broward, Palm Beaches & St. Lucie Realtors®. “We are harnessing the increasing inventory and are hosting a weekend event on February 25th and 26th called 'Open House Weekend.' Since Buyers have more options,…
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Half of Homes Sold Give Concessions

Half of Homes Sold Give Concessions
Updated Homes Sell Faster Nearly half of all home sales in the past three months included seller concessions, according to the latest Redfin report. Although, according to Barry Frette, Realtor in Delray Beach, updated properties that are priced to sell move quickly with no concessions or very little concessions. Frette says, "Palm Beach County is a…
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August Palm Beach County Market Update

August Palm Beach County Market Update
“Housing inventory continues to rise in Palm Beach County! We’re starting to see supply levels improve with the help of increasing interest rates and inflation. In August, active inventory rose by 63.1 percent to 3,865 listings, and supply of inventory increased 92.9 percent to 2.7 months,” said Carlos A. Melendez, President of Broward, Palm Beaches…
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