June 2023 Market Update Palm Beach County

June 2023 Market Update Palm Beach County

The June 2023 Market Update indicates that the amount of inventory available in June increased, with the supply of inventory compared to the same time last year now at 3 months, which is a 30.4% rise from June 2022. The median sale price has remained mostly steady, with only a 0.8% increase since 2022, putting it at $625,000.

According to Chris Krzemien, the president of Broward, Palm Beaches & St. Lucie Realtors®, the June 2023 Market Update shows that the median time it takes to sign a contract has increased by 116.7% to 26 days in comparison to the market in June 2022 which was only 12 days. It is crucial for buyers to seek help from a local Realtor® while navigating through the current inventory to find their desired home. This will ensure that both buyers and sellers experience the highest level of transparency, choice, and efficiency through independent, local broker marketplaces.

Get in touch with a nearby Realtor® now! Realtors® work together as a team of professionals to offer vital services, including specialized knowledge and expertise, to cater to the needs of both homebuyers and sellers. Visit OnlyARealtor.com to discover more about how Realtors® can assist you.

Here are the June 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.

Read May 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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