The Latest Real Estate Market Information
For most people, their home or other real estate is one of the largest investments that they can make throughout their lifetime so staying on top of the most recent market trends is critical when making decisions on whether to buy, sell, refinance, relocate or even just know where you stand with all your personal or business real estate holdings.
No matter where you are located in each of the 50 states, there are a variety of market forces that can impact the value of your home. These can include seasonal or locational factors, the expansion or decline of major employers, natural disasters and more.
Chris and Amy Losquadro strive to bring you the most up to date information about our local SOUTH FLORIDA REAL ESTATE market as provided by published reports from local area Realtor associations so you can be informed and stay up to date on the changes in the real estate market.
If you have any questions about the South Florida area real estate market or a particular property, contact us at 561.584.8555 and we would be happy to speak with you.
Palm Beach County Update
Year End 2020
As we close the book on 2020, many real estate industry observers will look back at the housing market data and see the historic volatility that took place during the year. While a number of major markets have not recovered to pre-pandemic levels, Palm Beach County is experiencing housing activity at a level not seen in more than a decade.
Within this update you will find the year-end 2020 housing market information for Palm Beach County. This includes detailed countywide and city level market statistics for sale transactions of both single-family homes and condominium / townhouse properties.
The local market started out strong with the number of single-family sale transactions in January 2020 up by more than 29%. When the market turned at the onset of the COVID pandemic, April and May saw single-family sale transactions decline by more than 30% and 45% (year-over-year), respectively.
At the end of the third quarter, the market started to change in a meaningful way. Due to pent up demand as well as in-migration from out-of-state buyers, the month of September marked a substantial turnaround with monthly sale transactions increasing by more than 20% year-over-year. That trend has continued throughout the entire fourth quarter as the number of housing transactions across all types of homes have exceeded their 2019 results.
Detailed Florida Residential Real Estate Reports
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Residential Real Estate Market Reports – Featured Cities
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Interested in seeing the market report for a city / town that is not shown above, contact Chris Losquadro at 561.624.2680 and we will be happy to provide that information to you.