Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for January. Read on to learn more about the real estate market in South Palm Beach County:
The existing trends are continuing with the latest market statistics. Slower sales have persisted across most residential markets as buyers struggles with low affordability, higher prices, and low inventory.
However, for well-priced homes in desirable locations, competition is fierce. New Listings decreased 3.3 percent for Single Family homes and 1.0 percent for Townhouse/Condo homes. Pending Sales decreased 3.1 percent for Single Family homes and 14.0 percent for Townhouse/Condo homes.…
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