Palm Beach County Monthly Market Snapshot

“We’re continuing to see inventory improvement in Palm Beach County. Listings have risen consecutively for the past three months. In July, active inventory rose by 54.6 percent to 3,854 listings, and supply of inventory increased 80 percent to 2.7 months. Despite more inventory entering the Palm Beach County market, buyer competition remains high. Median home prices rose again with an increase of 20.0 percent to $600,000. I encourage all sellers who have been on the fence to start a conversation with a local Realtor® today,” said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie REALTORS®.