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Realtors Association of Palm Beaches


 

PALM BEACH COUNTY SINGLE FAMILY HOUSING INVENTORY SLOW TO INCREASE

by RAPB Communications | May 24, 2017

The single family housing market in Palm Beach County continues to reflect a seller’s market as inventory has been slow to increase. Active inventory rose only a mere 0.5% in comparison to last year, ending April with 5.1 months of supply. Meanwhile, the median sale price for single family homes is up 6.5% to $327,000.

“Single family housing numbers are continuing to point to a seller’s market,” said Jeffrey Levine, President-Elect of the Realtors® Association of the Palm Beaches. “Now is a great time for prospective sellers to sell, and buyers have to prioritize what they are seeking as it is becoming more difficult to find the ‘perfect’ home.”

Source: Florida Realtors® County Statistics
 
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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