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 July. Here are statistics on single family homes.
“Historically, the month of July tends to be a busy month for real estate closings. It’s positive to see increases in closed sales and median sale price, and it is worth being optimistic about,” said Jeffrey Levine, President of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
Closed sales increased 15.7 percent to 1,775 year-over-year in July. The median sale price increased 1.4 percent year-over-year to $355,013. Median sale price is our preferred summary statistic for price activity because, unlike average sale price, median sale price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.
“We still need to be cautious in the next couple months as we look at the ups and downs in the market. Make sure your house is listed at an attractive price by asking a local Realtor® for their expertise,” continues Levine.
Seeking advice from a local Realtor® on pricing your home can pay big dividends as you look to attract buyers. A Realtor® can help bring buyers to your home and guide you through the complex home selling process.
Realtors® of the Palm Beaches and Greater Fort Lauderdale has merged with the South Broward Board of Realtors® to form the 3rd largest local Realtor® association in the country. The newly combined association represents 33,000 Realtors®, 35,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, visit RapbGflrMerge.com or contact Communications@rapb.com.
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