Palm Beach County Market Statistics:
Some great news for sellers...the average days on the market for single family homes is down 25% with the previous DOM being 56 and now down to 42.
Closed sales are up 6% for single family homes from a previous monthly number of 1640 up to 1739.
The Median Sales price is up 4.8% from $281,900 up to $295,000.
The Inventory has gone down 21.1% which was previously 6 months of single family homes down to 4.7 months of inventory.
While this is great news for sellers it is equally distressing for buyers. If you're thinking of buying do it now, before the numbers get worse!