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24 OCT

September Market Statistics

By Blog

Let’s take a look at the Palm Beach County Real Estate statistics for September!

 

 

It’s safe to say that Sales in September are going like hotcakes! That’s a massive 28.6% increase in sales from last year.

 

The median sales price is up from last year too – a 12.7% increase.

Sellers are now receiving more of their original asking price – 1.6% more in fact!

Wow! In September 2019 the average time to contract was 53 days – now you’re looking at just 27. That’s a huge 49.1% decrease.

 

 

This is an important one – you’re looking at 32.6% less active listings on the market now when compared to September 2019.

 

 

That also means less supply of inventory. 2.9 now compared to 4.3 in September 2019. That’s a 32.6% decrease.

 

 

Let’s also take a look at condos and townhomes.

WAY more sales of condos and townhomes this year compared to last. A whopping 28.8% increase.

Median Sales price is up too – by 9.4% in fact!

But here you’ll see we actually have more months supply of condos and townhomes available. A 6.3% increase from September 2019. Condos are still available despite prices going up.

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WATCH LIVE!!! You can watch our Real Estate Roundtable LIVE at 9am on our website or comment on Facebook to make sure you get all the details on Septembers 2021 Sales & on Withdrawing an offer.

 

Jeff Lichtenstein is owner and broker of Echo Fine Properties, a luxury real estate brokerage selling real estate in Jupiter  and homes in Palm Beach Gardens, Florida. He has 20 years of real estate experience, has closed over a 1,000 transactions, and manages over 50 agents in a non-traditional model of real estate that mimics a traditional business model.  Some publications he has been quoted in.

Feel free to ask him a question directly at jeff@EchoFineProperties.com.

 

 

Posted in Uncategorized on October 24, 2020 at 7:24 am.

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