Palm Beach County kicked off the fall season with a home buying frenzy in September.
Homes are flying off the MLS after an astonishing rate of only 14 median days on market. Everyone is getting in on the action as the median sale price continues climb. We saw an increase of 17.5 percent year over year to $469,900 for single family homes. Adding to the excitement of the Palm Beach County housing market are the historically low interest rates. With the trend of low interest rates, climbing sale prices, and stiff competition to contract, buyers are working against the clock to buy in all the excitement. The sky is the limit for South Florida with buyers continuing to move to the area as new infrastructure and construction opportunities arise. If you’re thinking of buying or selling, contact a local Realtor® for expert advice on how to maneuver in this growing market.