July 2023 Market Update Palm Beach County

July 2023 Market Update Palm Beach County

Fresh off the press! The Florida Realtors® have unveiled their July 2023 market update report, showcasing the latest real estate trends in Palm Beach County. This report offers a comparative analysis based on year-over-year figures. Dive into the statistics for single-family homes below.

As the inventory saw a year-over-year drop in July, the supply duration extended to 2.9 months—an elevation of 7.4% from July 2022. The median sale price consistently stands at $600,000.

"Realtors® are finalizing deals, with the median duration to ink a contract now being 22 days. This is a significant 57.1% increase compared to July 2022's 14 days,” notes Chris Krzemien, the president of Broward, Palm Beaches & St. Lucie Realtors®. “In the current landscape, partnering with a knowledgeable Realtor® is crucial. They can be your personal guide to the communities where we reside, contribute, and relax.”

Here are the July 2023 Market Update reports for each specific area (Boca Raton, Boynton Beach, and Delray Beach) Please click on the images below to view the full-size report.

The July 2023 Market Update for Palm Beach County is very exciting! Please call Barry Frette at 561-880-5587 for more information.

Read June market reports here: Click Here

Need assistance with commercial transactions? Click here: 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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