Just in! October 2024 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 the region enters the final quarter of 2024, Palm Beach County continues to see more inventory both year-over-year and month-over-month. Active listings in the county currently sit at 5,568, a 31.8% increase from this time last year. At the same time, median time to contract has also increased to 45 days, showing signs of longer closing times and/or declining numbers of cash sales.

"The county’s months’ supply of inventory continues to increase, with October finishing off at 5 months, showing signs of moving towards a balanced market,” says David Serle, 2024 president of Broward, Palm Beaches & St. Lucie Realtors®. “As the market continues to shift and prices fluctuate, it’s important to contact a Realtor® to serve as a trusted advisor to both protect consumers and understand their unique needs during the homebuying or selling process.”

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 our local communities. 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