09/26/2022
Housing inventory continues to rise in Palm Beach County!
We’re starting to see supply levels improve with the help of increasing interest rates and inflation.
In August, active inventory rose by 63.1 percent to 3,865 listings, and supply of inventory increased 92.9 percent to 2.7 months.
Sellers, don’t let rising inventory levels deter you from listing your property.
Yes, we have more supply entering the market, but Palm Beach County is still seeing intense competition among buyers.
Our area is one of the most sought-after regions to purchase real estate in the country, and we see that through median home prices rising again with an increase of 17.7 percent to $565,000.
Sean Balasuriya Realtor®
Lic # SL3498041
C: 305-803-6703
MVP Realty Associates, LLC
The Hendricks Team
Palm Beach | Broward | Miami- Dade | Martin Counties