Number of homes under contract up for the 3rd straight month
Real muscle has returned to the local home buying scene over the past few months. Fueled by a very strong tourist season, higher inventory levels and lower interest rates pending home sales in Palm Beach Gardens and the surrounding areas soared once again during the month of March.
As of April 1st, the number of homes under contract in the northern Palm Beach County region is up an amazing 15% over the past 30 days. After a recent stretch of 8 straight months of declining numbers the latest performance drives the local pending home sales to the highest levels we have seen since July of last year. Even more telling is the fact that the March numbers are almost a full 9% higher than the 12 month average.
When you compare our market strength to other parts of the country it further solidifies what we who are lucky to live here already know. South Florida is a very special place. It was just five days ago that USA Today published an article titled “Contracts to buy homes fall for the 8th straight month”. No doubt the mainstream press is full of old and outdated information but the differences between home sales in paradise and the rest of the country tell the real story.
Our passion at Paradise Sharks Real Estate is to raise the quality of service, marketing and value to the industry and ensuring our clients have the most accurate and up to date market information is part of that equation. If we can be of help to you, or anyone you know, contemplating the purchase or sale of real estate please feel free to contact us at your convenience for a complimentary consultation. Find out why we tell all of our clients you can pay more and receive less but that just would not make any sense.
Paradise Sharks Real Estate
Direct Line 561 308-0175