Palm Beach Real Estate Market Statistics
The latest real estate statistics are out and we are here to help you understand how this impacts you and your real estate plans. Knowledge is power however the stats are only the beginning of the process in understanding the Palm Beach County real estate market. We are here to dive deep into the numbers with you.
Latest Real Estate Update
The August real estate market update had some good and challenging news depending on the area and price ranges. There are still two different markets within Palm Beach County. Buyers and sellers are trying to navigate the changing market and solid advice is critical. The average sales price has increased 4.4% over last year.
In every market there are opportunities. Our goal is to help our clients create the strategy to benefit from the real estate market.
It is a great time to sell and move up buy in many communities.
Market Statistics by Price Range
$250,000-299,999 price range - 2.26 months of inventory (Seller's market)
$300,000-399,999 price range - 2.47 months of inventory (Seller's market)
$400,000-599,999 price range - 4.04 months of inventory (Seller's market)
$600,000-999,999 price range - 7.15 months (Buyer's market)
$1,000,000 or more - 13.83 months (Strong Buyer's market)
Click to see all of the Detailed Statistics including activity by price point.
What are your thoughts with the latest market update?
Let us know and we will be happy to help to guide you in seeing how the latest market statistics impact you when buying or selling.