April 2024 - Market Update

It’s turning out to be another hot summer of sales here in Palm Beach County.

Currently there is a 3.96 “Months Supply of Inventory” (That's a decrease of -27.21% over the last year!) With limited inventory, sellers can demand a higher price. We are seeing this pay off on closing day where sellers are averaging 96% of their list price.

While for many buyers in Palm Beach this can be discouraging, it’s always good to know that equity is on the rise. 

Want the stats for your zip code? Contact me & ask!

Remember:

Real estate is a hyper-local ecosystem. National headlines are often irrelevant to our Palm Beach County / St Lucis County markets. The purpose of this blog is to give you the local facts for real estate here on our Florida East Coast.