PALM BEACH COUNTY SEES INCREASE OF TIME INVENTORY SPENDS ON MARKET
Just in! June 2023 reports have been released from Florida Realtors® detailing recent real estate activity in Palm Beach County. The reports compare year-over-year data. Here are statistics on single-family homes.
Inventory continues to rise in June, with year-over-year supply of inventory reaching 3 months – a 30.4% increase from June 2022. The median sale price remained fairly consistent from 2022 with a 0.8% increase at $625,000.
“The median time to contract is sitting at 26 days verses the market in June 2022 at 12 days—this is a 116.7 % increase,” says Chris Krzemien, president of Broward, Palm Beaches & St. Lucie Realtors®. “It’s important that as buyers navigate the current inventory to find their dream home that they contact a local Realtor® who will ensure buyers and sellers experience the greatest transparency, choice and efficiency through independent, local broker marketplaces.”
Contact a local Realtor® today — Realtors® work as a collective of professionals who provide essential services including the specific knowledge and expertise to best serve homebuyers and sellers. Learn more on how Realtors® can serve your needs at OnlyARealtor.com.
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