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June 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”...

Jul 23 2 minutes read

Palm Beach County

1,829

New Listings

1,746

Pending Sales

97

Med Time to Sale

4.8

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 1,829 "Just Listed", 6,753"Active" listings, and 1,746 homes that are "Under Contract"! This means that only 25.8% of homes are under contract, giving the buyer plenty of inventory to choose from!

In June of 2019, there were a total of 1,692 homes sold in Palm Beach County. The number of sold homes went down from June of 2018 at a rate of 6.3% and the median time to sale is 97 days. The average Med time to sale has increased from 2018, meaning that homes are selling at a slower rate. 

Our supply is 4.8 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 buyers 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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