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 May Market Report shows data from the previous full month of April.
Southeast Florida Real Estate Market Snapshot
September 2021 Report with August Statistics
Palm Beach County Market Report
September 2021 Report With August Sold Statistics
Palm Beach County Housing Market Update Video
September 2021 Video With August Stats
HOT August Housing Market in Palm Beach County!!
“The Palm Beach County housing market ended summer just as hot as we expected! This area continues to be one of the most sought-after markets and top destinations for relocation. As the market heats up, the appeal to invest in the housing market is increasing by the day, which has led us to another double-digit jump in median sale price to $480,000,” said Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®.
Median sale price is our preferred summary statistic for price activity, because unlike average sale price, median sale price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.
“It’s worth noting that closed sales were down for the first time this year at 10.5 percent. Despite the slight decrease in closed sales, the median time to contract was 11 days. Mix the short time to contract with the historically low interest rates and the increasing price of rent in South Florida, it’s becoming more apparent that the time is now to start the home buying process,” continues Johnson.
Closed sales are one of the simplest – yet most important indicators for the residential real estate market. Closed sales are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes, rather than changes from one month to the next.
People from all over the world are moving to our area. We are here to help you with your housing needs. If you’re looking to buy or sell your home, text or call your local expert agents, the Martin Group at 561-339-1779, to book a free consultation.
Are We in Buyer's Market or Seller's Market?
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 September 1, 2021 in the specific city of Palm Beach Gardens, FL from Altos Research and includes all zip codes.
Market Action Index
Palm Beach Gardens, Florida September 22, 2021
Palm Beach Gardens Market Report
September 2021 Market Report With August 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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