Palm Beach Real Estate Market Reports

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Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County June 2022

June 2021

Percent Change Year-over-Year

1,472

2,117

-30.5%

689

934

-26.2%

Median Sale Price

$620,000

$500,000

24.0%

Average Sale Price

$1,182,748

$1,031,919

14.6%

Dollar Volume

$1.7 Billion

$2.2 Billion

-20.3%

Median Percent of Original List Price Received

100.0%

100.0%

0.0%

Median Time to Contract

12 Days

11 Days

9.1%

Median Time to Sale

55 Days

61 Days

-9.8%

New Pending Sales

1,251

1,760

-28.9%

New Listings

2,286

2,043

11.9%

Pending Inventory

2,151

3,090

-30.4%

Inventory (Active Listings)

3,421

2,260

51.4%

Months Supply of Inventory

2.3

1.3

76.9%

Closed Sales

Percent Change Year-over-Year

8,498 1,472 1,527 1,484 1,590 1,237 1,188 1,601 1,491 1,471 1,450 1,624 1,774 2,117

-15.7% -30.5% -19.2% -25.4% -7.7% 2.1% 2.9% -10.3% -2.7% -19.1% -16.9% -10.5% -8.6% 43.2%

Summary Statistics Closed Sales Paid in Cash

Closed Sales

Month Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2018

2019

2020

2021

Closed Sales

2,500 2,000 1,500 1,000 500 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County Month

Cash Sales

Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.

2019

Percent Change Year-over-Year

4,021 689 750 746 765 565 506 652 619 594 562 661 706 934

-3.9% -26.2% -10.2% -10.1% 13.3% 13.9% 22.2% 6.4% 28.4% 1.2% 4.3% 23.8% 27.7% 114.2%

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The number of Closed Sales during the month in which buyers exclusively paid in cash

2018

Cash Sales

2020

2021

1,000

Cash Sales

800 600 400 200 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Month

Cash Sales as a Percentage of Closed Sales

Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.

Pct. of Closed Sales Paid in Cash

2019

Percent Change Year-over-Year

47.3% 46.8% 49.1% 50.3% 48.1% 45.7% 42.6% 40.7% 41.5% 40.4% 38.8% 40.7% 39.8% 44.1%

14.0% 6.1% 11.1% 20.6% 22.7% 11.5% 18.7% 18.3% 32.2% 25.1% 25.6% 38.4% 39.6% 49.5%

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The percentage of Closed Sales during the month which were Cash Sales

2018

Percent of Closed Sales Paid in Cash

2020

2021

60% 50% 40% 30%

20% 10% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County Month

Median Sale Price

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.

Median Sale Price

2018

2019

2020

Percent Change Year-over-Year

$575,000 $620,000 $615,000 $601,000 $541,000 $535,000 $526,500 $525,000 $510,000 $500,000 $469,900 $480,000 $500,000 $500,000

25.8% 24.0% 29.5% 29.0% 23.0% 18.9% 24.8% 23.5% 22.0% 19.0% 17.5% 20.3% 25.3% 33.0%

2021

$700K $600K $500K $400K $300K $200K $100K $0K

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Month

Average Sale Price

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

2018

Average Sale Price

Median Sale Price

2019

2020

Average Sale Price

Percent Change Year-over-Year

$1,019,508 $1,182,748 $1,000,866 $1,085,785 $971,124 $1,016,787 $826,002 $1,007,981 $953,440 $804,574 $794,235 $808,345 $826,567 $1,031,919

3.8% 14.6% 1.7% 4.9% -7.1% 20.2% -2.7% 17.8% 26.6% 14.7% 21.0% 24.3% 12.1% 53.2%

2021

$1400K $1200K $1000K $800K $600K $400K $200K $0K

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County Month

Dollar Volume

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2018

2019

2020

Dollar Volume

Percent Change Year-over-Year

$8.7 Billion $1.7 Billion $1.5 Billion $1.6 Billion $1.5 Billion $1.3 Billion $981.3 Million $1.6 Billion $1.4 Billion $1.2 Billion $1.2 Billion $1.3 Billion $1.5 Billion $2.2 Billion

-12.6% -20.3% -17.8% -21.8% -14.3% 22.8% 0.1% 5.7% 23.1% -7.2% 0.6% 11.3% 2.5% 119.4%

2021

$2.5 B

Dollar Volume

$2.0 B $1.5 B $1.0 B $500 M $0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Month

Median Percent of Original List Price Received

Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.

Med. Pct. of Orig. List Price Received

2019

Percent Change Year-over-Year

100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 99.0% 99.4% 99.2% 98.7% 99.3% 100.0% 100.0% 100.0%

1.8% 0.0% 0.5% 1.5% 2.5% 3.5% 2.4% 2.7% 2.6% 2.3% 2.9% 4.1% 4.3% 5.3%

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The median of the sale price (as a percentage of the original list price) across all properties selling during the month

2018

Med. Pct. of Orig. List Price Received

2020

2021

120% 100% 80% 60%

40% 20% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County Month

Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2018

2019

Median Time to Contract

Percent Change Year-over-Year

12 Days 12 Days 11 Days 9 Days 10 Days 13 Days 15 Days 14 Days 13 Days 14 Days 14 Days 11 Days 10 Days 11 Days

-25.0% 9.1% 0.0% -30.8% -44.4% -56.7% -44.4% -50.0% -45.8% -33.3% -48.1% -68.6% -81.1% -80.4%

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

2020

2021

Median Time to Contract

70 60 50 40 30 20 10 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Month

Median Time to Sale Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.

Median Time to Sale

2019

Percent Change Year-over-Year

54 Days 55 Days 51 Days 52 Days 51 Days 55 Days 59 Days 59 Days 55 Days 59 Days 57 Days 57 Days 57 Days 61 Days

-15.6% -9.8% -12.1% -13.3% -19.0% -24.7% -18.1% -16.9% -19.1% -13.2% -23.0% -27.8% -41.8% -40.2%

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The median number of days between the listing date and closing date for all Closed Sales during the month

2018

Median Time to Sale

2020

2021

120 100 80 60

40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County Month

New Pending Sales

Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2019

Percent Change Year-over-Year

9,310 1,251 1,509 1,648 1,780 1,534 1,588 1,370 1,467 1,712 1,552 1,671 1,583 1,760

-21.2% -28.9% -25.1% -23.3% -16.9% -22.3% -10.6% -17.6% -18.2% -10.8% -20.0% -8.5% -23.4% -23.0%

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The number of listed properties that went under contract during the month

2018

New Pending Sales

2020

2021

Pending Sales

2,500 2,000 1,500 1,000 500 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Month

New Listings

Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. 2019

Percent Change Year-over-Year

11,889 2,286 2,222 2,052 2,049 1,671 1,609 1,311 1,471 1,694 1,726 1,706 1,940 2,043

-1.9% 11.9% 7.4% -8.7% -4.4% -5.2% -13.2% -12.1% -14.7% -17.3% -12.7% -9.8% -0.5% 10.7%

Year-to-Date June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The number of properties put onto the market during the month

2018

New Listings

2020

2021

New Listings

3,000 2,500 2,000 1,500

1,000 500 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County Month

Inventory (Active Listings)

YTD (Monthly Avg) June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.

2018

2019

2020

Inventory

Percent Change Year-over-Year

2,263 3,421 2,631 2,155 1,869 1,777 1,727 1,832 2,027 2,212 2,370 2,369 2,493 2,260

-13.8% 51.4% 23.1% -2.5% -31.2% -40.5% -49.9% -48.4% -48.6% -46.5% -42.8% -44.0% -46.3% -54.7%

2021

10,000

Inventory

8,000 6,000 4,000 2,000 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Month

Months Supply of Inventory Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.

Months Supply of Inventory

2019

Percent Change Year-over-Year

1.5 2.3 1.7 1.4 1.2 1.1 1.1 1.1 1.2 1.3 1.4 1.4 1.5 1.3

-11.8% 76.9% 30.8% 0.0% -33.3% -45.0% -52.2% -52.2% -55.6% -53.6% -51.7% -53.3% -55.9% -64.9%

YTD (Monthly Avg) June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021

An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

2018

Months Supply

2020

2021

7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County

Closed Sales by Sale Price The number of sales transactions which closed during the month Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. June 2021

Closed Sales

700

Closed Sales

Percent Change Year-over-Year

Less than $50,000

2

-50.0%

$50,000 - $99,999

2

-86.7%

$100,000 - $149,999

5

-76.2%

$150,000 - $199,999

20

-66.7%

$200,000 - $249,999

34

-69.1%

$250,000 - $299,999

64

-47.5%

$300,000 - $399,999

162

-51.4%

$400,000 - $599,999

409

-36.7%

$600,000 - $999,999

430

0.7%

$1,000,000 or more

344

-9.2%

Sale Price

June 2022

700

600

600

500

500

400

400

300

300

200

200

100

100

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The median number of days between the listing date and contract date for all Closed Sales during the month

Median Time to Contract

Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. June 2021

Less than $50,000

$50,000 $99,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more Median Time to Contract

Percent Change Year-over-Year

Less than $50,000

4 Days

-84.6%

$50,000 - $99,999

39 Days

-53.6%

$100,000 - $149,999

11 Days

-76.6%

$150,000 - $199,999

21 Days

23.5%

$200,000 - $249,999

7 Days

-46.2%

$250,000 - $299,999

11 Days

-31.3%

$300,000 - $399,999

9 Days

-10.0%

$400,000 - $599,999

12 Days

33.3%

$600,000 - $999,999

11 Days

37.5%

$1,000,000 or more

16 Days

-11.1%

Sale Price

Median Time to Contract by Sale Price

90 80 70 60 50 40 30 20 10 0

$300,000 $399,999

June 2022

$100,000 $149,999

$150,000 $199,999

90 80 70 60 50 40 30 20 10 0 $200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Market Detail - June 2022 Single-Family Homes Palm Beach County

New Listings by Initial Listing Price The number of properties put onto the market during the month Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.

New Listings

June 2021

New Listings

Percent Change Year-over-Year

Less than $50,000

2

100.0%

$50,000 - $99,999

3

-66.7%

$100,000 - $149,999

13

-27.8%

$150,000 - $199,999

15

-72.7%

$200,000 - $249,999

32

-56.8%

$250,000 - $299,999

78

-39.5%

$300,000 - $399,999

264

-25.0%

$400,000 - $599,999

607

-2.4%

$600,000 - $999,999

703

56.6%

$1,000,000 or more

569

70.4%

June 2022

800 700 600 500 400 300 200 100 0

800 700 600 500 400 300 200 100 0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. June 2021

1,400

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Inventory

Percent Change Year-over-Year

Less than $50,000

0

-100.0%

$50,000 - $99,999

3

-75.0%

$100,000 - $149,999

13

-40.9%

$150,000 - $199,999

22

-58.5%

$200,000 - $249,999

45

-43.0%

$250,000 - $299,999

100

-24.8%

$300,000 - $399,999

281

1.1%

$400,000 - $599,999

645

39.9%

$600,000 - $999,999

991

145.3%

$1,000,000 or more

1,321

61.7%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

June 2022

1,400

1,200

1,200

1,000

1,000

800

800

600

600

400

400

200

200

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


Monthly Distressed Market - June 2022 Single-Family Homes Palm Beach County

Closed Sales

June 2022

June 2021

Percent Change Year-over-Year

1,465

2,097

-30.1%

$620,000

$500,000

24.0%

6

15

-60.0%

$367,500

$285,000

28.9%

1

5

-80.0%

$989,900

$247,000

300.8%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2018

2019

Traditional

2020

Foreclosure/REO

2021

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J $1200K

Median Sale Price

$1000K

$800K

$600K

$400K

$200K

$0K

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J

2018

2019

2020

2021

Produced by MIAMI REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 20, 2022. Next data release is Thursday, August 18, 2022.


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