PALM BEACH COUNTY MEDIAN HOME PRICE HITS $575,000 WITH MORE ACTIVE LISTINGS
Just in! March 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.
Palm Beach County is experiencing a 6.3% increase on the median home price year-over-year hitting $575,000. The county’s inventory also continues to climb.
“Palm Beach County’s increase in median home price and inventory has continued to rise from the start of the year,” says Chris Krzemien, President of Broward, Palm Beaches & St. Lucie Realtors®. “The county’s Q1 median home price increased 5.6% from 2022 with inventory rising 107.4% from Q1 of 2022. Working with a Realtor® that understands each transaction is a unique consumer experience that allows them to navigate the current marketplace with intentional levels of support, complexity and expertise.”
Inventory year-over-year in Palm Beach County is reporting 3,876 active listings from 1,869 in March 2022. The county’s supply of inventory reached 3.2 months compared to 1.2 in 2022. Contact a local Realtor® today to work with trusted advisors that both protects and guides consumers during the home buying and selling process.
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