As the effects of Hurricane Irma wear off, and as the real estate market normalizes following a very rocky late summer-early fall season, the market showed a strong rebound in Palm Beach County for single-family homes in October 2017. Most importantly, sellers are putting their homes up for sale, helping to meet increased buyer demand. Find out what that means for you as a buyer or seller!
The Real Estate Market in Palm Beach County came to a sudden halt due to the effects of Hurricane Irma in September 2017. In this report, we talk about what that means for homeowners, and what we learned following the threat of the worst hurricane season in recent memory.
For the summer months of June and July 2017, we’ve combined our Real Estate Market Report into one. Closed transactions and demand typically falls during these months, but this year, as was in 2016, prices continue their climb higher.
May 2017 was another strong month for median sales price for single-family homes in Palm Beach County, with prices rising 8% over this time last year, as inventory tightens and buyers continue to push demand.