Just in! April 2023 reports have been released from Florida Realtors® detailing recent real estate activity in Palm Beach County. The reports compare year-over-year data. Here are statistics on single-family homes.
PALM BEACH COUNTY – MARKET UPDATE
Palm Beach County is experiencing a 69% increase of inventory year-over-year with 3,642 active listings. The county’s supply of inventory reached 3.1 months compared to 1.4 months in 2022 – a 121.4% increase. Median home sale price has decreased since 2022 at 2.7% with dollar volume decreasing to $1.3 billion. The majority of active listings are sitting between $600,000 up to $1 million. Contact a local Realtor® today to work with trusted advisors that both protects and guides consumers during the home buying and selling process.
MARTIN COUNTY – MARKET UPDATE
Martin County is experiencing a 72.8% increase of inventory year-over-year with 463 active listings. The county’s supply of inventory reached 2.9 months compared to 1.3 months in 2022 – a 123.1% increase. Median home sale price has decreased since 2022 at 8% with dollar volume increasing to $220.7 million. The majority of active listings are sitting at $1 million or more. Contact a local Realtor® today to work with trusted advisors that both protects and guides consumers during the home buying and selling process.
St. LUCIE COUNTY – MARKET UPDATE
St. Lucie County is experiencing a 91% increase of inventory year-over-year with 1,295 active listings. The county’s supply of inventory reached 2.6 months compared to 1.1 months in 2022 – a 136.4% increase. Median home sale price has remained the same since 2022 at $380,000 with dollar volume decreasing to $212.8 million. The majority of active listings are sitting between $400,000 up to $600,000. Contact a local Realtor® today to work with trusted advisors that both protects and guides consumers during the home buying and selling process.
