DAYS ON MARKET GROWS IN PALM BEACH COUNTY
Just in! October 2022 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 continued to rise in October, with the year-over-year supply of inventory reaching 3.2 months. The median home price also rose again, with an increase of 14 percent to $570,000.
"Realtors® are closing transactions, and the median days to contract is 28 days versus what we saw in October of 2021 at 14 days. Buyers are taking more time to sift through the rising inventory for their dream home," said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie Realtors®.
Contact a local Realtor® today — Realtors® are the market experts and are your advocates in the home buying or selling process. 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