Team Sua Monthly Roundup - February 2019

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

A lot has happened this month, from new listings & price reductions to new blogs & market reports! We know how busy your schedule can get, it can be challenging to keep track of everything we put out! That's why we've created the Monthly Team Sua Round-Up... See what you've missed below!

January 2019 Market Update

We take a look at the Palm Beach County housing market in our second Market Update for the Sua Team and of 2019! There are 2,442 "Just Listed", 8,069 "Active" listings, and 1,511 that are "Under Contract"! This means that only 18.7% of homes are under contract, giving the buyer plenty of inventory to choose from!

In January of 2019, there were a total of 859 homes sold in Palm Beach County. The number of sold homes went down from January of 2018 at a rate of 23.3% and the average DOM (days on market) is 56 days. The average DOM has increased from 2018, meaning that homes are selling at a slower rate.

Our supply is 5.6 months which is considered a balanced market, meaning that there is enough demand from buyers to equal the supplies from sellers.