January 2024 Market Update Palm Beach County

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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Barry is a resident of Delray Beach and a Realtor for William Raveis South Florida. He works with buyers and sellers of Luxury Properties & Residential Real Estate with focus on Delray Beach in Palm Beach County. Frette was born and raised in Miami but left in 2004 is now a proud resident of Delray Beach, Florida. He is available 24/7 and goes the extra mile to take care of his clients. For commercial, he specialize in Retail, Office, Industrial and Land Properties. He has a strong network of buyers and sellers, as well as access to the national and local databases. Barry can help you find a site or property to purchase, choose a building or space to lease for your business, market your property to find a tenant, or leverage the Raveis marketing team to help you divest of your property. When assisting residential clients, he relishes developing long-lasting relationships, and takes the time to fulfill the goals of his clients. Whether looking for the perfect home to buy or rent, or when you are selling, Barry takes his time to get the job done efficiently and this will be reflected the first day he begins working with you on your journey. Selling a Real Estate Asset on your own can be an overwhelming task. There's advertising to plan and budget for, private showings to arrange, purchase offers to negotiate, contract contingencies to worry about, and complicated paperwork to fill out. Make it easy on yourself by putting your property in the hands of seasoned professionals. We have extensive experience marketing properties and showing them to their best advantage.

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