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Realtors Association of Palm Beaches


 

PALM BEACH COUNTY REAL ESTATE MARKET KICKS OFF THE NEW YEAR WITH IMPRESSIVE COMPARATIVE GROWTH

by RAPB Communications | Feb 22, 2017

WEST PALM BEACH, FLORIDA (February 22, 2017) – The January real estate market report for Palm Beach County reflects year-over-year percentage increases in nearly all categories.

“The statistics for January indicate a strong and positive start to 2017 with the only significant negative percentage change being that of pending inventory for single family homes,” said Jeffrey Levine, President-Elect of the Realtors® Association of the Palm Beaches (RAPB). “We do have an increase in active listing inventory in both property types, 7.3% for single family homes (7,784) and 7.5% for townhomes and condos (6,841).”

The highest year-over-year increase was 14.6% in dollar volume for single family homes at $542.6 million. This figure coincides with increases in median sales prices, 9% at $310,000 and 9.2% increase in average sales price at $473,478.

Source: Florida Realtors® Monthly Market Detail – January 2017

The Realtors® Association of the Palm Beaches (RAPB) is the 6th largest local association in the country representing over 15,000 REALTOR® members involved in all aspects of residential and commercial real estate throughout Palm Beach and St. Lucie Counties. RAPB members are “The Voices for Local Real Estate,” providing consumers with real insight on the homeownership process with data accuracy and market expertise. Many of their members also engage in one or more divisions offered through RAPB, including the REALTORS® of St. Lucie County (RSLC), the Young Professionals Network, and the award-winning Global Business & REALTORS® Commercial Alliances. Looking to buy or sell property? Think local! Find your REALTOR® or property at www.SouthFloridaPropertyMatch.com.

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Cecilia Van Wert
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