Month of May 2015 Palm Beach County real estate market (source: Realtors' Association of the Palm Beaches)
From year to year May 2014 to May 2015 for single family homes:
The number of closed sales increased by 6% (to 1,739)
The median sale price increased by 6% (to $295,400)
The median days on market decreased by -25% (to 42)
The months of inventory supply decreased by -21.1% (to 4.7)
The single family homes real estate market in Palm Beach County is accelerating. The inventory is becoming scarce both in availability and number of days they remain on the market. Consequently sold prices have increased. Consequently there are fewer homes available for sale.
If you are interested in selling your home, now is a good time to list your home for sale!