A Look at Palm Beach County’s February Real Estate Activity
Posted by Gloria Singer on
Palm Beach County’s housing market reported rising median prices and more closed sales, along with slightly reduced listing inventory in February 2018 as compared to February 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 Continues to Climb
The median price of closed sales jumped significantly over the same period last year. The median price is the midpoint, meaning half the homes sold for more, half for less. Months supply of inventory (how long it would take to sell all of the current homes listed for sale) is still hovering around 6 percent, which indicates a balanced market favoring neither buyers or sellers.
Closed Sales…
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When putting your Boca home on the open market, the obvious goal is getting as much money as you can in as little amount of time as possible. And while making sure the inside of your home is in tip-top shape will always be a top-priority before selling, spending plenty of time on the outside of your home is also a necessary component to achieving all your home selling goals.