The first month of the new year has ended and the Florida Realtors® report for January 2017 is here. Palm Beach County’s numbers show a market recovering from the holiday season slump in December as sales rose significantly year-over-year. Inventories also grew, beginning the year with a more balanced market.
Single Family Homes in Palm Beach County
With the holiday season over, sales of single-family homes improved in January — welcome news for sellers. The month saw 1,146 completed transactions, a 4.9 percent growth compared to 2016. Inventory statistics balanced the market, with the number of active listings increasing by 7.3 percent. Meanwhile, the median sale price rose 9 percent to $310,000, and the month's supply of inventory (the number of…
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