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.
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.
According to national property broker Redfin, pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16, 2022, in the aftermath of Hurricane Ian. That's nearly twice the nationwide decline of 32%.
According to the Miami Association of Realtors, total Palm Beach County residential sales decreased 25.5% year-over-year in September 2022, from 2,830 to 2,109, because of rising mortgage rates and low inventory.
Posted on October 25, 2022