March 2019 Market Report
Palm Beach County
Days on Market
We take a look at the Palm Beach County housing market in our Market Update for the Sua Team! There are 2,148 "Just Listed", 7,959" Active" listings, that's 310 fewer listings compared to February, and 1,950 homes that are "Under Contract"! This means that only 24.5% of homes are under contract, giving the buyer plenty of inventory to choose from!
In March of 2019, there were a total of 1,521 homes sold in Palm Beach County. The number of sold homes went down from March of 2018 at a rate of 8.9% and the average DOM (days on market) is 62 days. The average DOM has increased from 2018, meaning that homes are selling at a slower rate.
Our supply is 5.7 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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