JANUARY 2017 STATS

Sometimes increases across the board are not a good thing! 

With an increase in Days on Market, the amount of Active Listings, and Months Supply of Inventory rising... is the market about to make a shift?

Consider this: Compared to last month's numbers - We are actually seeing a DECREASE in Median Sale Price and a drop in the % of Original List Price Received! 

What are these numbers telling us?

Here's What We Think:


SINGLE FAMILY HOMES
JAN 2017
JAN 2016
% CHANGE
Closed Sales
1,146
1,092
4.9%
Closed Sales (Paid In Cash)
422
418
1.0%
Median Sale Price
$310,000
$284,500
9.0%
Median % of Original List Price Received
94.1%
94.1%
0.0%
Median Days to Contract
57
52
9.6%
Inventory (Active Listings)
7,784
7,256
7.3%
Months Supply of Inventory
5.3
4.8
10.4%


TOWNHOUSES / CONDOS
JAN 2017
JAN 2016
% CHANGE
Closed Sales
847
801
5.7%
Closed Sales (Paid In Cash)
533
502
6.2%
Median Sale Price
$150,000
$139,000
7.9%
Median % Original List Price Received
93.7%
93.4%
0.3%
Median Days to Contract
49
47
4.3%
Inventory (Active Listings)
6,841
6,365
7.5%
Months Supply of Inventory
6.2
5.5
12.7%


The Palm Beach County market statistics below are courtesy of your REALTOR®, a proud member of the Realtors® Association of the Palm Beaches (RAPB). RAPB represents over 14,000 members involved in all aspects of residential and commercial real estate.

Looking to Buy or Sell a Palm Beach County Home?


Are you curious what your home is worth?









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