Spring has officially arrived and the Florida Realtors® market report for February 2017 has come with it. The real estate market in Palm Beach County continued its healthy streak from January. Though changes were more subtle, both sales and inventories went up continuing our ongoing trend of a balanced South Florida market.
Single Family Homes in Palm Beach County
February saw a slight increase in sales of single-family homes with 1,160 completed transactions, 1.2 percent more than last year. A 6.8 percent hike in the median sale price to $315,000 was even better news for sellers of single-family homes. Buyers were favored by a modest 3.3 percent growth in active listings for a total of 7,839. The month’s supply of inventory (the number of months it…
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