Broward County Monthly Market Snapshot

"Everyone has been eagerly awaiting the release of July market reports, especially home buyers. They want to know if there's a chance of lower pricing or more listings to choose from in Palm Beach County. Now that the numbers are in, we see once again that median price is up year-over-year, and listing inventory is down. Even so, there is a silver lining for buyers. The number of homes going under contract has dropped for the second consecutive month, a market indicator that Realtors® are keeping an eye on. If you're in the market for a home, seek the expertise and guidance of a local Realtor® now. This will give you ample time to feel prepared and confident about your future investment,” said Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®.