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 January increased by 5.6% to $615,000. This month, the county closed 811 sales, totaling $952.2 million in volume, compared to $863.7 million in 2023. David Serle, 2024 president of Broward, Palm Beaches & St. Lucie Realtors®, highlights the importance of Realtors® in navigating this expanding market.

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

Please call Barry Frette at 561-880-5587 for more information about the January 2024 Market Update for Palm Beach County.

Read 2023 year-end market reports here: Click Here

For assistance with commercial transactions, please visit Frette Commercial

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