According to the most recentFlorida Association of Realtors marketing report on single family homes in Palm Beach County, sale price is up, time to contract is quick and inventory is down meaning it's a seller's market.
Palm Beach County had 1,721 closed sales in May with 94.8% of sellers receiving their original listing price. Median sales price is up 5.7% compared to this time last year and time to contract is 49 days with time to sell at around 3 months.
These figures show the market is improving and both buyers and sellers can benefit. With lower inventory, people thinking of selling their home should consider now as a great time to list. Buyers thinking of purchasing a home may try to buy now before prices continue to go up.