The Boca Raton real estate market is still characterized by large numbers of inventory and relatively few transactions. In all of March 2008, there were 209 closed sales of real estate with a Boca Raton address. All told, at the end of the month there were 5691 units listed for sale, so this reflects a 27 month supply of homes for sale if they sell at the current rate. I will post these statistics monthly so that we can track the trends and try to predict where home prices are heading.
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Gloria Singer is the Broker of Boca Expert Realty, a boutique Boca Raton real estate company with a focus on professional service and an unparalleled customer experience. Our select agents are amongst the top performing professionals in the field. Visit www.BocaExpert.com for information on Boca Raton, Delray Beach and Highland Beach real estate and to connect with an expert in the local market.