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Realtors Association of Palm Beaches


 

PALM BEACH COUNTY: MARCH REAL ESTATE REPORT REFLECTS ROBUST MARKET CONDITIONS

by RAPB Communications | Apr 21, 2017

WEST PALM BEACH, FLORIDA (April 21, 2017) – Palm Beach County reflects a strong and healthy market, according to March single family housing statistics that show a 21.7% year-over-year increase in dollar sales volume at $866.4 million.

“All of the figures for March point to robust market conditions for sellers,” said Jeffrey Levine, President-Elect of the Realtors® Association of the Palm Beaches (RAPB). “Prospective buyers should consider making purchases as prices — and interest rates — are expected to increase.”

The median sale price increased by 8.9% to $325,000, and there was a 10.3% increase in closed sales with 1,676 transactions.

“We are starting to see more momentum in the condo market as well, likely due to affordability in comparison to single family homes,” added Levine.

Source: Florida Realtors® Monthly Market Detail – March 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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