MONTHS SUPPLY OF INVENTORY INCREASES DURING THE HOLIDAYS IN PALM BEACH COUNTY
Just in! November 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.
Palm Beach County experienced a 18.2% increase in months supply of inventory from this time last year, currently sitting at 3.9 months. The county saw $846.8 million in dollar volume this month compared to $828.2 million in 2022.
"Palm Beach County is seeing an increase of active listings with 4,568 this month, 1,531 of those listings being new. This is a 12.6% increase from November 2022,” says David Serle, 2024 president of Broward, Palm Beaches & St. Lucie Realtors®. “When navigating today’s market, it’s important to remember that Realtors® serve as a trusted advisor to consumers to protect them and understand their unique needs.”
Contact a local Realtor® today – we are responsible for thousands of real estate transactions a year while keeping up to date with the latest trends, laws, and regulations specific to the local communities we serve. 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