Palm Beach County Florida Real Estate Update August 2022 Michael Friedman Realtor Boca Raton eXp Realty

 


September 27, 2022

Palm Beach County Florida Housing Update August 2022

How Can I Help You?


The latest information provided by the Realtors Association of the Palm Beaches showed home prices continuing to climb in Palm Beach County as of August 2022. 

The sales price of single family homes in Palm Beach County Florida were up 17.7% and townhomes and condos were up 25.4% in August 2022 over August 2021. 

“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,” said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie Realtors®.

Mr. Melendez was quoted, “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.”

To get an idea as to what your home is worth, you can find out CLICK HERE

Schedule a time to talk with me CLICK HERE


Michael Friedman

Realtor, Broker-Associate

eXp Realty


Free MLS search on my Website https://michaelfriedman.exprealty.com/




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