Market Update June 2020

ÔÇťMore promising news for Palm Beach County! We are starting to see the housing market move towards normalcy. Although real estate was quickly deemed essential early in the pandemic, the virus did play a role in our numbers. Most would assume that the market would be derailed after months of social distancing, but new statistics point to a v-shaped recovery. There were 1,478 closed sales in June, which is a hefty increase from the 991 closed sales we saw in May. The upward trend in closed sales just goes to show how resilient the Palm Beach market is. As South Florida continues to reopen, local Realtors┬« are here for you and are ready to help in your pursuit of homeownership,ÔÇŁ said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors┬«.

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