Palm Beach County Florida Real Estate Market September 2022 - Are Home Prices Still Going Up In Boca Raton September 2022? More From Mike In Boca

 


October 24, 2022

September 2022 Palm Beach County RE Update

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Despite all of the news about increasing mortgage rates, slowing economies and doom and gloom in the real estate market, our area held up in September 2022. 

According to the local Realtors Board, Palm Beach County median home prices for single family homes increased by 23.4% in September 2022, over the previous year. 

One bright spot for home buyers is inventory levels for Palm Beach County single family homes increased by 107.1% in September 2022 over the previous year. 

The months of inventory stood at 2.9 months in September 2022 versus 1.4 months the previous year in Palm Beach County. 

The Board of Realtors noted, “With inventory rising, Realtors® and their buyers have the opportunity to comb through more listings to find that perfect home that's just right. Even with more competing listings, sellers are still receiving a median of 95.5 percent of their original listing price or higher.”

I continue to follow the local real estate market on a daily basis in order to provide my customers the latest information to produce the best results for them. 

Thinking of making a move? Let’s talk and see how I can be helpful to you. 

Schedule time on my calendar CLICK

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Michael Friedman

Broker-Associate, Realtor

eXp Realty


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