The Local Real Estate Market Reports Are Ready to View: Toscana Towers, Highland Beach, Boca Raton, Delray Beach, Palm Beach County, Broward County, and more!

Stern Realty Co. in Highland Beach Florida 33487

Aug 1

Highland Beach:

https://drive.google.com/file/d/0B3dEZlAciRciT3dBMld5emNEdUk/view?usp=sharing&resourcekey=0-6ZtBKhyLb8uO28Pyn-whsQ

To read the COMPLETE Toscana Real Estate Newsletter (a PDF document with links), click on the following link: https://drive.google.com/file/d/0B3dEZlAciRciT3dBMld5emNEdUk/view?usp=sharing&resourcekey=0-6ZtBKhyLb8uO28Pyn-whsQ

Boca Raton:

Delray Beach:

Palm Beach County:

INVENTORY INCREASES FOR SECOND STRAIGHT MONTH IN PALM BEACH COUNTY:

"Housing inventory has increased for the second straight month in Palm Beach County. With the federal interest rate hikes we've seen throughout the year, we knew this was going to play a role in shifting the market. In June, we saw inventory in Palm Beach County increase 51.4 percent to 3,421 listings and supply of inventory rise 51.4 percent to 1.9 months," said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie REALTORS®.

Inventory is the number of property listings that are active at the end of the month. Meanwhile, months' supply of inventory is an estimate of the number of months it will take to deplete the current inventory given recent sales rates.

"Despite more inventory entering the market, our median home price continued to increase at 24 percent to $620,000. However, it's worth noting that closed sales are decreasing. Sellers who have been waiting for the opportune time to list their property should speak to a local REALTOR® now. Only a REALTOR® has the expertise to help you sell your home before the market levels off in your unique community," continues Melendez.