Wednesday, October 30, 2013

September Single Family Home real estate market in Palm Beach County

A word about the September Single Family Home real estate market in Palm Beach County:

I just looked at our September real estate statistics here in Palm Beach County for Single Family Home’s and they’re flying off the shelf! Palm Beach County continues to be a strong market for sellers and buyers. Closed sales year-over-year for September were up over 21%, and almost half were for cash. That’s a lot of transactions happening and it is motivating the sellers. New listings soared up 32% year-over-year and in spite of that, inventory still dropped over 22%. Like many agent’s throughout the county, we have been seeing multiple offers on our well priced properties and making sure our buyers are prepared with their pre-approval for financing. As my business partner Sergio said to me recently, we need to surf in the chaos.


***Source Florida Association of Realtors.

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