DAYS ON MARKET GROW IN PALM BEACH COUNTY
Just in! July 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.
As inventory declines year-over-year in July, supply of inventory increases to 2.9 months—a 7.4% increase from July 2022. The median sale price remained consistent at $600,000.
"Realtors® are closing transactions, and the median time to contract is 22 days, a 57.1% increase, versus what we saw in July of 2022 at 14 days,” says Chris Krzemien, president of Broward, Palm Beaches & St. Lucie Realtors®. “To navigate the current market, it’s important to work with a Realtor® who will serve as your personal resource to the communities where we live, work, and play.”
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