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July 2019 Palm Beach County Market Report

Eddy Sua

Eddy Sua is the founder and Managing Broker of Capital Group Realty of South Florida AKA as “The Sua Team”...

Eddy Sua is the founder and Managing Broker of Capital Group Realty of South Florida AKA as “The Sua Team”...

Aug 21 2 minutes read

Palm Beach County

1,873

New Listings

1,720

Pending Sales

49

Med Time to Contract

4.5

Balanced Market

Market Analysis

We take a look at the Palm Beach County housing market in our Market Update for the Sua Team! There are 1,873 "Just Listed", 6,494"Active" listings, and 1,720 homes that are "Under Contract"! This means that only 26.5% of homes are under contract, giving the buyer plenty of inventory to choose from!

In July of 2019, there were a total of 1,775 homes sold in Palm Beach County. The number of sold homes went up from July of 2018 at a rate of 15.7% and the median time to contract is 49 days. The Med time to contract has increased from 2018, meaning that homes are selling at a slower rate. 

Our supply is 4.5 months which is considered a balanced market, meaning that there is enough demand from buyers to equal the supplies from sellers. But we are seeing that we are slowly moving into a seller's market.

If you have any questions about what this means for YOUR home or need specific stats for your area, contact one of our amazing agents or fill out the form below and we will be in touch!

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