Palm Beach Real Estate News
Palm Beach
Palm Beach County Home Sales Down 40 Percent Annually in December
According to the Miami Association of Realtors, Palm Beach County sold 28,838 total homes (or 79 transactions per day) in 2022.
Palm Beach Area Home Sales Down 39 Percent Annually in November
In comparison to November 2021, Palm Beach County November 2022 residential sales decreased 41.1% year-over-year, from 2,793 to 1,646, because of high mortgage rates and low inventory, says the Miami Association of Realtors.
Greater Palm Beach Area Home Sales Continue to Slide in October
According to the Miami Association of Realtors, total residential sales compared to October 2021, Palm Beach County area October 2022 transactions decreased 31.4% year-over-year, from 2,809 to 1,927, because of rising mortgage rates and low inventory.
Miami Leads the Nation for Fastest Rising Home Rental Prices
Based on CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas, consistent evidence of a single-family rental market cooldown follows nearly two years of above-trend rental price hikes.
Palm Beach Property News
Palm Beach County Overall Home Sales Down 25 Percent Annually in September
Posted on October 25, 2022
U.S. Mortgage Originations to Decline 9 Percent in 2023 to $2.05 Trillion
Posted on October 24, 2022
U.S. Tenants Gravitating to Higher Quality Offices in Response to Hybrid Work
Posted on July 27, 2022
