Your Local Market Update: April 2017Posted by Gloria Singer on
As May draws to a close, let’s take a look back with the newly released Florida Realtors® market report for April 2017. The statistics point to some differences between single family homes versus townhouses and condos in the Palm Beach County real estate market. Despite this, both markets experienced notably slight year-over-year changes.
Single Family Homes in Palm Beach County
The market for single family homes remained relatively balanced with upticks in both closed sales and active listings. Closed sales rose a meager 0.8% from last year’s 1,586 to 1,598 in 2017. Similarly, active listings increased only 0.5% with a year-over-year change from 7,443 to 7,481. Fortunately for sellers, median sale price rose 6.5% from $307,125 to $327,000 and…
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