PALM BEACH COUNTY CLOSES 450 CASH SALES IN FEBRUARY
Just in! February 2025 reports have been released 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 closed 1,009 sales in February with over 40% being cash sales. Cash Sales could be an indicator of the extent to which investors are participating in the county’s market. Compared to the start of the year, Palm Beach County closed 408 cash sales now up to 450 – a 10% increase. Meanwhile, new listings remained consistent, bringing the total to 1,874. Months’ supply of inventory has also increased year-over-year, currently sitting at 5.7 months.
“Palm Beach County continues to see increases in inventory year-over-year with February bringing 6,292 active listings – a 23.9% increase from last year, leading to a market that favored buyers,” said Jonathan Lickstein, president of Broward, Palm Beaches & St. Lucie Realtors®. “With these market changes, partnering with a local Realtor® is crucial to navigating competitive pricing, securing the best deals and minimizing risks.”
Contact a local Realtor® today – we serve as your personal resource to the communities where we live, work, and play, providing local expertise on amenities, neighborhoods, and so much more. 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