A Look at Palm Beach County’s January 2018 Real Estate Activity
Posted by Gloria Singer on
Palm Beach County’s housing market reported rising median prices and reduced listing inventory in January 2018 as compared to January 2017, according to the latest housing data released by Florida Realtors®.
Here’s what buyers and sellers of Boca Raton real estate need to know.
Median Price Ticks Upward
January marked 73 consecutive months that the median sales prices for both single-family homes and townhouse-condos rose year-over-year. The median price is the midpoint, meaning half the homes sold for more, half for less. Months supply of inventory is only 5 months for single-family homes and 6 months for condo and townhouses.
Shrinking Inventory Putting Pressure on Buyers
In many sub-markets, particularly those below the $500,000 price…
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