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 March 2023. Read on to learn more about the real estate market in South Palm Beach County:

National Trends

According to the National Association of REALTORS® (NAR), existing home sales in the country increased by 14.5% month-over-month, marking the first monthly gain in 12 months and the largest monthly surge since July 2020. The boost in sales activity is attributed to contracts signed earlier in the year, when mortgage rates dropped to the low 6% range, resulting in a surge in homebuyer interest. Pending sales have also continued to improve, rising for the third consecutive month, as we…

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