Month of September 2015: Statistics from the Palm Beach County real estate market

Month of September 2015 Palm Beach County real estate market
(source: Realtors' Association of the Palm Beaches)

            
From year to year September 2014 to September 2015 for single family homes:
The number of closed sales increased by 12.8% (to 1,529)
The median sale price increased by 5.9% (to $285,000)
The median days on market decreased by -35.2% (to 35)
The months of inventory supply decreased by -20.2%  (to 4.5)
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 is dramatically decreasing. Consequently sold prices have increased and 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!

From year to year September 2014 to September 2015 for condominium and townhomes:
The number of closed sales increased by 16.2% (to 1,183)
The median sale price increased by 15.5% (to $145,500)
The median days on market decreased by -28.6% (to 45)
The months of inventory supply decreased by -12.7% (to 4.6)
The condominium and townhomes real estate market in Palm Beach County is also improving. There were more closed sales +16.2% year to date. Since the days on market and the inventory supply both decreased, consequently sold prices rose by more than 15.5% (year to year).

If you are interested in selling your property in Boca Raton, Delray Beach or Highland Beach, now is a good time to list your home for sale!