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                1 OCT

                Palm Beach County Market Update | August 2019

                By Hollie

                The August 2019 numbers are in!

                While closed sales were down -12.5% for single family homes and -.9.0% in August for condos in Palm Beach County, take it with a grain of salt.  Palm Beach County is still a seasonal market (although not as much as it used to be).  The key number I think to look at is inventory across the board – which is down.  Months supply of inventory is down -6.5% on single family homes at 4.3% and 4.1% lower on townhomes/condos at 4.7%.  Inventory is lower by -6.2% for single family homes and -5.2% for townhomes/condos.

                The laws of supply and demand are always key as you learn in Economics 101. Lower supply going into season means we should see a balanced market if all things remain equal.

                Posted in Palm Beach County homes, Palm Beach County homes for sale, Palm Beach County real estate, real estate on October 1, 2019 at 9:00 am.

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