SUPPLY OF INVENTORY INCREASES AS PALM BEACH COUNTY SEES MORE ACTIVE LISTINGS
Just in! February 2023 reports have been released from Florida Realtors® detailing recent real estate activity. The reports compare year-over-year data. Here are statistics on single-family homes.
Inventory year-over-year continues to climb in Palm Beach County with 4,027 active listings, a 126.6% increase from 2022. The county’s supply of inventory reached 3.3 months compared to 1.1 in 2022. The median home sale price also increased 2.7% at $549,500.
“Palm Beach County is continuing to see increased inventory,” says Chris Krzemien, President of Broward, Palm Beaches & St. Lucie Realtors®. “With so many options available in the county, navigating the current marketplace with the help of a Realtor® will give consumers the dedicated expertise to make the best decisions on their biggest investment.”
The median time to contract in Palm Beach County increased 200% at 39 days. Contact a local Realtor® today because they understand that each transaction is a unique consumer experience and keep up to date with the latest trends, laws and regulations specific to the local communities.
View Reports: Single Family | Townhomes/Condos
About Broward, Palm Beaches & St. Lucie Realtors®
Broward, Palm Beaches and St. Lucie Realtors® is South Florida’s premier REALTOR association. More than 42,000 members in eight locations are equipped to sell real estate along 130 miles of coastline in South Florida and the Treasure Coast. Broward, Palm Beaches, St. Lucie Realtors® work to enhance its members' ability and opportunity to conduct business professionally, ethically and profitably throughout their career. As the third largest local association in the nation, the association empowers members as leaders and influencers in the industry and community. Broward, Palm Beaches and St. Lucie Realtors® is the local chapter of the National Association of REALTORS® To learn more visit, RWorld.com