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Palm Beaches Housing Market Report for This Month 2018

Real Estate Market Reports Martin Group FLPalmBeach.com Homes ImageHere’s a look at the Palm Beaches Real Estate Market for August 2018. The average sale price for homes increased 0.6% this month from one year ago. Read more about this month’s real estate market below.

New Listings decreased 10.9% for Single Family homes and decreased 12.8% for Townhouse/Condo homes. Pending Sales decreased 18.8% for Single Family homes and decreased 9.5% for Townhouse/Condo homes. Inventory decreased 5.1% for Single Family homes and decreased 5.3% for Townhouse/Condo homes.
Average Sales Price increased 0.6% to $551,717 for Single Family homes and increased 18.3% to $288,394 for Townhouse/Condo homes. Median Time to Contract decreased 3.0% to 32 days on market for Single Family homes and decreased 2.9% to 33 days on market for Townhouse/Condo homes. Months Supply of Inventory decreased 5.1% to 3,056 for Single Family homes and decreased 5.3% to 2,671 for Townhouse/Condo homes.

There were 646 condominiums and single-family homes sold last month in Palm Beach County. When you compare last year’s 679 homes sold during the month of August, you’ll see a decrease in sales of – 4.9%.

Others Have Asked
If you are thinking of selling and wonder how much your house might sell for in today’s Palm Beaches Real Estate Market, use this instant home value estimate or call 561-339-1779.

Market Reports from 2018 Coming Soon:

January 2018 February 2018 March 2018
April 2018 May 2018 June 2018
July 2018 August 2018 September 2018

Palm Beaches Real Estate Sales This Month

RAPB Average Sales Price August 2018 Graph

Palm Beaches Real Estate NEW Listings This Month

RAPB New Listings August 2018 Graph

Palm Beaches Area Homes For Sale by Price

Palm Beaches Homes Under $200,000 Palm Beaches Homes Under $300,000
Palm Beaches Homes Under $400,000 Palm Beaches Homes Under $500,000
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Palm Beaches Homes Under $800,000 Palm Beaches Homes Under $900,000
Palm Beaches Homes Under $1,000,000 Palm Beaches Homes Under $5,000,000
Palm Beaches Homes Above $5,000,000 Search ALL Homes in Palm Beach County

Wondering what your home might be worth? Find out instantly with our 15-second Home Value Calculator.

Here are the most recent homes listed for sale just added to the database for the Palm Beaches.

Summary
Real Estate Market Reports Martin Group FLPalmBeach.com Homes Image
 
Article Name
Palm Beaches Market Report This Month in Real Estate 2018
 
Description
This month Single Family Homes: Average Sold Prices increased 0.6% to $551,717 and New Listings decreased 10.9% to 982. This month Townhouses/Condos: Average Sold Prices increased 18.3% to $288,394 and New Listings decreased 12.8% to 810. Sold Homes were average of 32 Days On Market before getting a contract.
 
Author
Martin Group
 
Publisher Name
Martin Group Real Estate
 
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