July 2013-Palm Beach County Monthly Market Update-Townhouses/Condos

July 2013 was a month that saw single family homes gain ground in every category and townhouses and condos aren’t too far behind. We saw the median and average prices jump 18.9 and 33.2 percent respectively. The median days on the market fell over two weeks which is a great sign for sellers but makes the buying market even more difficult. Inventory, as is with single family homes, is near an all time low and we are hoping we can get sellers who have been waiting off the fence. Our buyer pool is larger then ever but we just don’t have the homes listed to sell them. With average sale price on well priced homes being at about 92% sellers who are still waiting are playing with fire. Get off the fence sellers, we can help!

The Jackie Ellis Team



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