Highlights:
🏙️ Broward County
Single-family homes continue to show resilience, with closed sales up 3.2%, median sale prices up to $630,000, and homes reaching contract faster than last year. Inventory declined 22.2%, bringing months of supply down to 4.5 months, signaling a tighter market for buyers.
🌴 Palm Beach County
Palm Beach County posted some of the strongest gains among the three counties. Single-family home sales increased 7.7%, median prices rose 5.5% to $675,000, and inventory fell 22.6%. The combination of rising prices and shrinking supply points to continued demand throughout the county.
🏡 St. Lucie County
While single-family home sales dipped 5.5%, inventory fell 11.4% and months of supply declined to 5.0 months. Notably, the townhouse and condo market saw significant activity, with closed sales surging 30.3% and cash purchases jumping 43.2%, highlighting strong buyer interest in that segment.
—
📲 Thinking about buying, selling, or relocating within Southeast Florida? With inventory declining across Broward, Palm Beach, and St. Lucie Counties – and Palm Beach home prices continuing to climb – it’s more important than ever to understand your local market. Contact Jason Taub, Licensed Real Estate Broker at TAUB Real Estate, for personalized guidance and a strategy tailored to your goals.
Source: Beaches MLS
➡️ CONSIDERING BUYING OR SELLING? ⬅️
Jason Taub, Broker/Owner of TAUB Real Estate, is a South Florida native and Downtown Fort Lauderdale Expert. He leverages his local expertise, vast network and 20+ years of marketing experience to help Clients achieve their real estate goals across South Florida.
For Sellers – Jason leverages cutting-edge marketing strategies to ensure maximum home exposure through the most impactful channels.
For Buyers – Jason’s local expertise, quick access to properties and expert negotiation skills help secure the best deals possible.
📲 Contact Jason at (954) 663-6032 or Jason@TaubRealEstate.com
