We really believe KNOWLEDGE is POWER. Data is POWER.
so, WHAT IS HAPPENING IN REAL ESTATE MARKET RIGHT NOW that affects my $$$$?
+ Homes are projected to stay on the market a bit longer
+ Most people are waiting until after election and holidays, but not all.
+ January- May is the most popular time for real estate activity.
+ Homes are not “flying” off the market.
As of October 2024, Palm Beach County's real estate market shows signs of balancing out, with more inventory available and slightly cooling demand. The current supply of homes has risen significantly, with a 4.7-month supply for single-family homes and an even higher 7.4-month supply for condos and townhouses, marking a notable increase from the previous year. This shift is leading toward a more balanced or even a slight buyer’s market.
While mortgage rates have recently fallen to around 6%, prices remain stable, with the median home price staying consistent at approximately $617,500. Inventory is also rising, giving buyers more options and creating more negotiation opportunities​.
However, sellers are still seeing strong outcomes, especially for properties that are priced realistically and in desirable areas​.
Overall, while the market is cooling compared to the high-demand peaks of recent years, it still remains active with opportunities for both buyers and sellers.
What is our direct impact?
+ With over $40 million in sales, we wake up and do this every single day so we offer experience.
+ We respond quickly.
+ We offer advice for strategy.
+ We SELL. We highlight positives.
+ We DEFEND value. We are WELL versed in the comps surrounding your home and defend price-point.
+We lead you through the 18-23 interactions your listing will require to stay in contractual compliance.
Call or text us 561-295-4006 to discuss or receive our NEW Market Analysis system!
