HOW IS THE MARKET? - January 2017
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 (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 (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.
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