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October 2023 Market Update Palm Beach County

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…
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2024 Real Estate Predictions

2024 Real Estate Predictions
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…
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September 2023 Market Update Palm Beach County

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…
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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…
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