Thursday, July 24, 2014

Boynton Beach Real Estate Market Update - June 2014

Normally April, May, and June are, without question, the busiest months of the year and the peak for closed single family home sales in Boynton Beach have typically been established during one of these months.The month with the highest amount of closed sales customarily marks the pinnacle of the real estate season. However, June 2014 statistics reveal a date different story when compared to the past.This year, on the other hand, closed sales only decreased 0.2 percent compared to May suggesting that the real estate market is experiencing some significant changes in the single family home category. The peak of this year’s real estate season has spanned into multiple months thanks to the pristine condition of the market. Astonishingly, April,May, and June 2014 had the greatest finishes in five years for closed sales and with new pending sales up over last year, this year’s peak has lengthened in duration. Combined closed sales for April, May, and June are almost thirteen percent higher compared to those months in 2013, marking another astonishing benchmark. The heightened activity of the real estate market probably isn’t over either. Early indications suggest July could continue into record-breaking territory. ( See Chart Below)

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