November 2016 Monthly Market Summary for Single Family Homes for Palm Beach County

In November 2016, last year at this time, our single family housing inventory continued to grow.
For Palm Beach County:

• The number of closed sales increased by 6.4% to 1,225 homes sold.
• The average price of closed sales decreased by -7.9% to $394,469.
• The median time to closed sales decreased by -5% to 95 days.
• The number of months’ supply of inventory was 4.6 months and now it is 5.1 months (+10.9%).