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 September 2021. Read on to learn more about the real estate market in South Palm Beach County:
Inventory problems persist as demand continues to far exceed supply of homes for sale. Real estate conditions depend upon both mortgage interest rates, which are slightly higher, and the number of available homes for sale, which continues to be extremely low. Although some first time buyers might be giving up and sitting out the market, the demand amongst high-earners and second home buyers continues to push prices higher.
New Listings decreased 13.1 percent for Single Family homes and 18.2…
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