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2024 Real Estate Market Reports

Palm Beach County, Florida April 2024

Scroll down to view several different images and video.

Palm Beach County, Florida April 18, 2024 Update
Real Estate Market Report with March 2024 Stats

Video of Current Housing Market Update

Video by BeachesMLS and Realtors Association of the Palm Beaches

Palm Beach County Housing Market At A Glance

April, 2024 Report Compares the Stats of March, 2024 with March, 2023


Sales:  -16.3%

Median Price:   +11.3%

Months Inventory:   +37.5%


Sales:   -25.3%

Median Price:   +5.8%

Months Inventory:   +83.8% 

Beaches MLS Real Estate Market Snapshot

Palm Beach County – Updated Monthly
April 18, 2024 Report with March Stats
2024 March Palm Beach County Market Snapshot Image

How these reports are made: Statistics are compiled by Realtors Association of the Palm Beaches using the BeachesMLS from the FULL previous month of properties. The sold data was released April 18, 2024 and shows the data and stats from the previous full month of March.

To request a market report for your city, please text or call 561-339-1779 or Email us.

Current Real Estate Market Stats

4-18-24 Palm Beach County Real Estate Market Update Image

Inventory is the number of property listings that are active at the end of the month. Meanwhile, months’ supply of inventory is an estimate of the number of months it will take to deplete the current inventory given recent sales rates.

Median Supply of Inventory is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is about 5.5 months of inventory. Anything higher is traditionally a buyer’s market, and anything lower is a seller’s market. Therefore, a 3.9 months supply of listings means we are still in a strong seller’s market, yet gradually going slightly closer to a buyers market.

Contact a REALTOR® to help you navigate the current marketplace when buying or selling real estate. Text or call 561-339-1779 to schedule a complimentary consultation with Doug or Jason Martin. Or if you would rather, you can Email the Martin Group.

Freddy Mac Current + Historical Interest Rates Chart

Mortgage Rates today are LOWER than in 1971!!

Lowest Mortgage Rate was 2.79% on Jan 14, 2021

Highest Mortgage Rate was 18.39% on October 21, 1981

30Y FRM = 30 Year Fixed Rate Mortgage

FreddieMac Primary Mortgage Rates Market Report FLPalmBeach Martin Group Homes Palm Beaches1000x525
Freddie Mac Historical Mortgage Rates from April 1, 1971 to March 21, 2024
Click to view latest update for rates: https://www.freddiemac.com/pmms / Plus click on “All”.

Quick Summary of Palm Beach County’s Sold Properties

Home Sales⬆️  Home Prices⬆️  Home Inventory⬆️


Condo Sales⬆️  Condo Prices⬆️  Condo Inventory⬆️

The Martin Group of Realtors® can help you sell or buy a home with numbers that work for you and fulfill your real estate needs. Text or call our office: 561-339-1779 for more info.

How’s the Real Estate Market in My Community?

Graphics below give a quick visual and answer the question of “How’s the Market?” by comparing the rate of sales versus inventory. The examples are for Palm Beach Gardens over a 20 month time period… gradually going from a very strong point of the seller’s market in June 22, 2022 (highest point in the last 2 years for Palm Beach Gardens) to a very slight seller’s market on April 18, 2024, down 22 points.

Housing Market Action Index for Palm Beach Gardens

2022 June 22 Palm Beach Gardens FL Sellers Market Infograph
4-18-24 Palm Beach Gardens Altos Market Image

The number of inventory in the Palm Beach Gardens real estate market has been increased a bit in April 2024, as home prices have increased, fewer number of homes have sold, and less buyers in the market… plus taking longer to sell. Inventory has increased since last month from index of 31 to 33.

However, the market is only slightly in the Seller’s zone and two points higher than last month’s report. It may take a few more weeks or months of less demand of homes for sold prices to begin dropping lower with any significance.

Inventory and sales are the key indicators! This month’s inventory of listings increased and closed sales decreased. Watch for a persistent up-turn in Market Action to signal prices rising again. Get the Housing Market Action Index for your city or zip code below.`


City Market Report

April 2024 Report with March 2024 Stats
Palm Beach Gardens Local Market Update Image
SOLD PRICES in Palm Beach County Have Increased 11%-29%!

What Do You Think Your Home Is Worth Now in 2024?

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The Martin Group of Realtors®

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Jason Martin

Realtor® Residential Agent
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