Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Palm Beach County. The reports compare year-over-year data for April. Here are statistics on single family homes.
“In April, we saw our first rise in closed sales since October 2018, a 1.4 percent increase. The median days to contract was 55 days, which is a 31 percent jump from what we saw in April 2018,” said Jeffrey Levine, President of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
There were 1,714 closed sales in April, a 1.4 percent increase from last year’s 1,690. The median days to contract rose 31 percent from 42 to 55 days.
“The median sale price for April was $350,000 and it’s worth noting that it remained unchanged year-over-year. If you’re interested in buying or selling in today’s market conditions, contact a local Realtor® for guidance,” continues Levine.
While median sale price stayed the same year-over-year, there was a 5.2 percent decrease in overall dollar volume from $1.0 billion to $988.8 million.
Realtors® of the Palm Beaches and Greater Fort Lauderdale is the 3rd largest local real estate association in the country. As one unified voice, RAPB + GFLR represents 30,000 Realtors®, 33,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, contact firstname.lastname@example.org.