Palm Beach County December 2015 Market Report

Market Highlights

“Florida Realtors® reported that our median sale price for single family homes has exceeded the
$300,000 mark again. According to December figures for Palm Beach County, we have reached
$305,000, our highest median price activity since June 2015. Meanwhile, year over year, median days on market has dropped 32. l % from 56 to 38 days with the greatest number of closed sales falling between $200,000 to 600,000. If you are looking to sell your property, find a REAL TOR® with local expertise to attain the highest price within the shortest time frame.”

Palm Beach County December 2015 Market Report

Palm Beach County November 2015 Market Report

Market Highlights

“Although we are still in a seller’s market, November statistics showed signs that we are moving towards a more neutral real estate market that favors neither seller nor buyer. The median sale price for single family homes is leveling, fluctuating between $285,000 and $295,000 for the 5^th consecutive month, and months’ supply of inventory is continuing to inch towards the benchmark for equality. Said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Market Detail (Year-over-Year)

In the single family homes sector, we saw gains in the following categories year-over-year: closed sales increased 7.4% from 1,104 to 1,186 transactions, median sale price increased 11.3% from $265,012 to $295,000, and average percent of original list price received increased 0.5% from 93.0% to 93.5%. Meanwhile, median days on market decreased 40.3% from 62 to 37 days, and inventory levels continued to decline, down 3.6% from 7,591 to 7,320 active listings and down 15.9% from 5.7 to 4.8 months’ supply.

In the townhouses/condos sector, we saw gains in the following categories: closed sales increased 2.1% from 847 to 865 transactions, median sale price increased 5.3% from $133,000 to $140,000, and average percent of original list price received increased 1.1% from 92.1% to 93.1%. Meanwhile, median days on market decreased 33.3% from 54 to 36 days, and inventory levels continued to decline, down 1.0% from 6,231 to 6,170 active listings and down 6.8% from 5.6 to 5.2 months’ supply.

Palm Beach County November 2015 Market Report

Palm Beach County Third 2015 Quarter Real Estate Market Report

“According to third quarter statistics for Palm Beach County homes, median days on market dropped to an astonishing 36 days, a 33.3 percent decline year-over-year. Buyers had to make fast, educated decisions in order to secure their dream homes due to our declining inventory levels. Purchasing a property, especially in our current market conditions, can be a complicated and stressful process. If you are looking to buy or sell, let a local REALTOR® offer you the guidance you need to feel confident in your decision, said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Palm Beach County Third Quarter 2015 Real Estate Market Report

Palm Beach County September 2015 Market Report

“Although the number of Palm Beach County home sales increased only 1% for August, we are back to a double-digit gain for September with 13% year-over-year. However, this market indicator may dip slightly for October if a substantial number of closings are delayed due to recent closing procedure changes which affect borrowers. We recommend that borrowers work closely with their lenders and title companies, who are well-prepared for these changes, to prevent potential closing delays. For more information about these changes, a helpful infographic can be downloaded from www.SouthFloridaPropertyMatch.com,” said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Palm Beach County September 2015 Market Report