Is It a Buyer or Seller's Market?

Lisa Treu shares the latest real estate news in Palm Beach County for single family homes. The Median Sales Price has increased 2.9% year over year and slightly over the prior month. Many price ranges are still in a hot seller's market however not all homeowners are experiencing the same. The difference is depending on location and also price range. Homes priced from $200,000-249,999 have 2.2 months of inventory. Homes priced from $250,000-$299,999 have 2.14 months of inventory. Homes priced from $300,000-399,999 have 2.62 months of inventory. Homes priced from $400,000-599,999 have 3.94 months of inventory. Homes from 600,000-999,999 have 6.3 months of inventory. Homes over 1,000,000 have 11 months of inventory.

If you are wondering how the latest real estate inventory impacts you when you are buying or selling, call Treu Group Real Estate. We are here to help you create the strategy to have the success you desire.