How these reports are made: Statistics are compiled by Realtors Association of the Palm Beaches from FULL previous month of condos and homes SOLD. The sold data is released to the public around the 22nd of each month. Therefore, the CURRENT November Market Report shows data from the previous full month of October.
November 2021 Report With October Sold Statistics
Fall may be coming to an end in December, but the Palm Beach County housing market is even hotter in November! It’s a great time to list your home with one of our agents. And buyers need to take advantage of the record low mortgage rates now. Just call our team, the Martin Group at 561-339-1779, for your free consultation.
Snowbirds have caused tons of excitement in Southeast Florida as we enter the holiday season. The trend of median sold price increases continued with a 19% jump to $500,000. We haven’t seen a decrease in median sold price since February 2019.
Closed Sales decreased 32.8% to 1,471, year-over-year. The 2021 trend of low interest rates and low inventory is raising the value of Palm Beach County homes.
On Monday, November 22, 2021, according to Florida Bank Rate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed finance rate is 3.4% for West Palm Beach. Mortgage Rates are expected to climb slightly as we get nearer to 2022.
If you have any questions about the home buying or selling process, be sure to contact your local Realtor® experts, the Martin Group at 561-339-1779, to book a FREE consultation.
This is a great time to sell and remains a sellers market. Several home values have gone up 19%… see if yours did. Just insert your address and get a quick estimate of current value.
This answers “How’s the Market?” by comparing rate of sales versus inventory. Below is an example of the housing market on a specific date of November 26, 2021 in the specific city of Palm Beach Gardens Florida from Altos Research and includes all zip codes.
Palm Beach Gardens, Florida November 26, 2021
November 2021 Market Report With October Statistics
Below is a quick summary of the local Real Estate Market in Palm Beach Gardens combining all zip codes for this report. Each city and each zip code has a different market resport. You can Request a Local Market Update for Any City in 5 southeast Florida counties.
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