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 a 26.5% increase in new listings compared to February 2023, along with 1,438 new pending sales. As South Florida remains a top destination, Serle emphasizes the importance of seeking assistance from real estate professionals in navigating the current market.

Click on the images below for an enlarged view, and Click Here to read the full report.

Please call your local real estate professional, Barry Frette at 561-880-5587 if you have questions about the February 2024 Market Update for Palm Beach County.

Please Click Here to read the January 2024 market.

For assistance with commercial transactions, please visit Frette Commercial

Comments are closed.