Palm Beach County Homes sales

Just like the Beatles sang " Its getting better all the time" Palm Beach County homes sales for February when compared to this time last year have shown dramatic improvement.

Resale inventory ( Listings for sale) have dropped to 5.8 months supply which is down 11.1% YOY and considered very light supply. This is not enough to meet the current demand, which bodes well for sellers who can expect more competition from buyers which translates into potentially even higher sales prices.

Single Family Homes sales are up 27% YOY
Condo sales up 28.5% YOY

Number of days a property is on the market for sale has dropped 13.9% from 101 to now 87 days YOY

A whopping 55% of all sales were to cash buyers which is up 6.2% YOY

So if your thinking about selling, there is no better time then right now to get your property listed for sale because the momentum is clearly on your side. Whether the market for sellers gets better or not is anybodies guess but for right now you have the wind to your back. Just dont fight it, what I mean to say is if you want to sell faster and at a higher price you need to make sure your home is priced properly at fair market value otherwise all you will be doing with your over priced listing is directing your potential buyers to look at and buy other more fairly priced homes, not yours.

If you've been thinking of buying you better get serious because everyday you wait is costing you money, right now homes prices are on the rise so do not let a good deal get away from you, you have to act sooner rather then later. If you need to finance your purchase be sure to get yourself pre approved because most sellers will want to know up front if your qualified because they do not want to waste their time finding out, especially when they can sell to somebody else that is qualified.

Whether your a buyer or seller you can call me to help you put together a detailed plan on the best way to approach this market so that you will come out ahead.

Thank you
Peter ReJune
Realtor Broker Associate
Keller Williams Palm Beach
C-561-793-2493