Palm Beach County Real Estate On Fire!

 

Video Link : Mike In Boca Minute 04 27 2022



Single family homes in Palm Beach County had a median sales price of $541,000 in March 2022; this was up 23.0% over the previous year, according to the Florida Realtors. 

The median price for townhomes / condos was $294,000 in March 2022, according to the Florida Realtors. 

The year-over-year increase was an impressive 20.0% in March 2022. 

“Buyers and sellers in Florida in March continued to see rising mortgage rates, a very limited supply of for-sale homes and rising prices,” said 2022 Florida Realtors President Christina Pappas, vice president of the Keyes Family of Companies in Miami.

Homes continue to sell quickly with homes selling at a median of 10 days to contract in Palm Beach County during March 2022. 

“Now more than ever, consumers can benefit from the expertise of a local Realtor, who can guide them through current market conditions,” said Florida Realtors President Christina Pappas, vice president of the Keyes Family of Companies in Miami.

My current experience is that homes are hitting the market and being scooped up very quickly. 

It is not unusual to hold an open house for two hours on Saturday and two hours on Sunday and for the homeowner to make a decision on the offers by Monday. 

To contact me or for more information visit my Website https://www.mikeinboca.com/Mike Friedman Realtor 561-247-3550 (mikeinboca.com)

Michael Friedman
Broker-Associate, Realtor, CDPE
eXp Realty

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