PALM BEACH COUNTY REAL ESTATE MARKET REPORTS – June 2019

The All About Florida Homes Team of Keller Williams Realty has been busy all around from our Sellers and Buyers!

The Palm Beach market was slow in the  beginning of 2019, then interest rates dropped once again and wow – the market kicked into high gear.  June was no exception!

While June 2019 numbers are down slightly from June 2018, our numbers are still strong as we analyze year-to-date.  Cash sales as a percentage of total sales was down – 30% of all sales for June.  This is no surprise with money so inexpensive to borrow right now!

Buyers: This means there are fewer cash buyers to compete with your financing.   Ensure you offer the right price as homes are being priced more competitively and accurately in most of the market segments.

We are a balanced market from the $600K to $999,999 market.  Under $600K is a  slight seller’s market – it has remained this way for several  months now.

Over $1,000,000 – still a very strong buyer’s market.

Sellers: There is much more inventory now than just a few months ago.  This is also evident in the fact that June’s median sales price went up while the average  went down.  We have a large percentage of high-end homes in Palm Beach County (we knew that) and the lower-end market is moving much faster than the high-end.

Stage your home, make sure the price is right, and be open/flexible with showings.  Be creative to make a deal work – there are more ways to make contracts work other than simply the asking price!

Contact us at (561) 571-2289 – or via amyandnoreen@allaboutfloridahomes.com – if we can provide you with any additional market data that will help inform your decisions! We are here to help – with no obligation.

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