March 2024 Market Update Palm Beach County

March 2024 Market Update Palm Beach County

The March 2024 Market Update for Palm Beach County indicates that as the moving season draws near, inventory is increasing.

Palm Beach County's property listings have risen to 5,066, marking a 30.7% increase from last year. The county now has a 4.4-month supply of inventory, up 37.5% as buyers evaluate their options. The average sale price stands at $1,196,445, contributing to a total sales volume of $1.5 billion.

In March, the county completed 1,226 property sales and added 1,777 new listings, a slight increase of 2.2% from the previous year, according to David Serle, 2024 president of Broward, Palm Beaches & St. Lucie RealtorsĀ®

Click on the images below for an enlarged view, andĀ Click HereĀ to read the full report.

Work with a knowledgeable local RealtorĀ® who can help you navigate the complexities of your unique transaction. Please call your local real estate professional, Barry Frette at 561-880-5587 to learn more about the March 2024 Market Update for Palm Beach County, or any other real estate questions.

PleaseĀ Click Here to read the February 2024 market.

For assistance with commercial transactions, please visitĀ 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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