Economists' note : ClosedSalesareoneofthesimplest—yetmost important—indicatorsfortheresidentialrealestatemarket. When comparingClosedSalesacrossmarketsofdifferentsizes,we recommendcomparingthepercentchangesinsalesratherthanthe numberofsales. ClosedSales(andmanyothermarketmetrics)are affectedbyseasonalcycles,soactualtrendsaremoreaccurately representedbyyear-over-yearchanges(i.e.comparingamonth'ssales totheamountofsalesinthesamemonthinthepreviousyear),rather thanchangesfromonemonthtothenext.
January
August 2022 Median Time to Contract 561,114DaysMedian Time to Sale New Pending Sales New Listings Month 1,376 Pending Inventory 1,741 Inventory (Active Listings) 2,768 Months Supply of Inventory 2.1 -6.7% 1,499
Data
May
August 2021 1,448 2022 1,123 2021 1,461 2022 1,472 2022 1,699 2022 -0.6% 6.3% -25.7%
97.7%1,321
17 Days 16 Days
April
July 2022 1,032 -24.3%-34.6%-33.0%
Florida
June 2022 1,252 2022 1,429 20.7%
March
Producedby Realtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. releasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
Percent Year-over-YearChange $232,000 25.4% $416.5 Million $518.0 Million -19.6% $409,143 $357,724 14.4% August 2021 Percent Year-over-YearChange 583 823 -29.2% 1,018 1,448 -29.7% Summary Statistics Closed Sales Paid in Cash 97.1% August 2022 $291,000Median Sale Price Average Sale Price Dollar MedianVolumePercent of Original List Price Received Year-to-Date 10,346 -17.0% -29.7% 1,514 -9.1% Closed Sales 1,018 602,367Days -26.4% 2,157 28.3% 1.5 40.0% 2018 2019 2020 2021 2022 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 J A Monthly Market Detail August 2022 Palm Beach County Townhouses and Condos Closed Sales The number of sales transactions which closed during the month 2,5002,0001,5001,0005000SalesClosed
October 2021 1,338 -27.0%-5.4%2.0%9.8%3.7%22.2%12.8%19.3%
December
November 2021 1,302
February
September 2021 1,380
Palm Beach County and Condos
June 2022 791 -33.4%
DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022. 56.8% 15.4%
September 2021 801
Month2022
January 2022 712 39.3%
July 2022 603 -32.6%
November 2021 761 6.1%
Year-to-Date 6,581 -11.4%
Cash Sales Percent Year-over-YearChange
May 2022 66.3% 6.4%
April 2022 972 -19.9%
May
percentage of Closed Sales during the month which were Cash Sales
March 2022 1,119 14.4%
Cash Sales as a Percentage of Closed Sales
August 2021
July 2022 58.4% 0.7% 771 15.9% 948 -19.3%
Economists' note : CashSalescanbeausefulindicatoroftheextentto whichinvestorsareparticipatinginthemarket. Why? Investorsare farmorelikelytohavethefundstopurchaseahomeavailableupfront, whereasthetypicalhomebuyerrequiresamortgageorsomeother formoffinancing. Thereare,ofcourse,manypossibleexceptions,so thisstatisticshouldbeinterpretedwithcare.
Month Percent of Closed Sales Paid in Cash Percent Year-over-YearChange
Townhouses
November 2021 59.2%
February 2022 64.6% 10.8%
December 2021 892 29.8%
13.6%29.0%
April 2022 66.0% 9.8%
February 2022 853 32.2%
August 2022 583 -29.2%
The
August 2022 57.3% 0.9%
March 2022 65.9% 10.4%
Cash Sales
December 2021 61.1% 15.1%
August 2021 823 39.5%
January 2022 63.4% 14.0%
June 2022 63.2% 1.8%
October 2021 12.2%
number of Closed Sales during the month in which buyers exclusively paid in cash 2018 2019 2020 2021 2022
Economists' note : Thisstatisticissimplyanotherwayofviewing CashSales. TheremainingpercentagesofClosedSales(i.e.thosenot paidfullyincash)eachmonthinvolvedsomesortoffinancing,suchas mortgages,owner/sellerfinancing,assumedloans,etc.
October 2021 56.9%
September 2021 58.0% 17.4%
Year-to-Date 63.6% 6.7%
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 J A 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 J A 70%60%50%40%30%20%10%0%SalesClosedofPct. CashinPaid 1,4001,2001,0008006004002000SalesCash Monthly Market Detail August 2022 2018 2019 2020 2021 2022
The
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth.
August 2022 $291,000 25.4%
Year-to-Date $290,000 23.4%
Townhouses
April 2022 $293,500 22.2%
Condos
December 2021 $433,298 12.4%
June 2022 $484,709 18.3%
August 2021 $357,724 17.2%
Median Sale Price
Economists' note : MedianSalePriceisourpreferredsummary statisticforpriceactivitybecause,unlikeAverageSalePrice,Median SalePriceisnotsensitivetohighsalepricesforsmallnumbersof homesthatmaynotbecharacteristicofthemarketarea. Keepinmind thatmedianpricetrendsovertimearenotalwayssolelycausedby changesinthegeneralvalueoflocalrealestate. Mediansalepriceonly reflectsthevaluesofthehomesthat sold eachmonth,andthemixof thetypesofhomesthatsellcanchangeovertime.
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 J A 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 J A $100K$0K $200K $600K$500K$400K$300KPriceSaleAverage $350K$300K$250K$200K$150K$100K$50K$0KPriceSaleMedian Monthly Market Detail August 2022 2018 2019 2020 2021 2022
Average Sale Price
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
April 2022 $532,550 25.3%
August 2021 $232,000 7.9%
Palm Beach County and
average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
January 2022 $265,000 21.1%
February 2022 $498,589 14.4%
Median Sale Price Year-over-YearChange
July 2022 $290,777 24.8%
December 2021 $263,125 14.4%
The
May
September 2021 $354,188 6.6%
Economists' note : Usually,wepreferMedianSalePriceoverAverage SalePriceasasummarystatisticforhomeprices. However,Average SalePricedoeshaveitsuses—particularlywhenitisanalyzed alongsidetheMedianSalePrice. Forone,therelativedifference betweenthetwostatisticscanprovidesomeinsightintothemarketfor higher-endhomesinanarea.
November 2021 $262,750 19.4% $307,500 23.0%
Month Average Sale Price Percent Year-over-YearChange
October 2021 $352,169 13.1%
Year-to-Date
January 2022 $425,484 9.7%
July 2022 $396,860 8.6%
August 2022 $409,143 14.4%
Month2022
March 2022 $506,232 20.9%
March 2022 $294,000 20.0%
The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) 2018 2019 2020 2021 2022
15.9%$479,362
May 2022 $522,112 8.4%
February 2022 $275,000 16.5%
November 2021 $437,445 14.3%
October 2021 $237,000 12.3%
September 2021 $246,500 19.5%
June 2022 $312,500 31.6%
Percent
MonthYear-to-Date
97.7% 3.1%
February 2022 99.5% 4.4%
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 J A 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 J A 20%0% 40% 120%100%80%60%Orig.ofPct.Med. ReceivedPriceList Monthly Market Detail August 2022 2018 2019 2020 2021 2022 Palm Beach County Townhouses and Condos Dollar Volume The sum of the sale prices for all sales which closed during the month 2018 2019 2020 2021 2022 Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month $800$600$400$200$0MMMM$1.0BVolumeDollar
August 2022 97.1% -0.6%
March 2022 $860.1 Million 25.4%
November 2021 $471.2 Million 6.9%
August 2021
June 2022 $606.9 Million -22.6% Month Dollar Volume Percent Year-over-YearChange
October 2021 98.2%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
17.1%2.8%
April 2022 $783.9 Million -8.6%
December 2021 98.8% 4.3%
Med. Pct. of Orig. List Price Received Percent Year-over-YearChange
August 2021 $518.0 Million 41.4%
September 2021 97.9% 3.2%
October 2021 3.6%
January 2022 99.0% 3.8%
May 2022 $746.1 Million -17.9%
February 2022 $658.6 Million 36.5%
Economists' note : TheMedianPercentofOriginalListPriceReceived isusefulasanindicatorofmarketrecovery,sinceittypicallyrisesas buyersrealizethatthemarketmaybemovingawayfromthemand theyneedtomatchthesellingprice(orbetterit)inordertogeta contractonthehouse. Thisisusuallythelastmeasuretoindicatea markethasshiftedfromdowntoup,soitiswhatwewouldcalla lagging indicator.
July 2022 $409.6 Million -27.3%
April 2022 100.0% 4.1%
January 2022 $477.8 Million 34.0%
December 2021 $633.0 Million 26.8%
Year-to-Date $5.0 Billion -3.8%
November 2021 97.9%
Economists' note : DollarVolumeissimplythesumofallsaleprices inagiventimeperiod,andcanquicklybecalculatedbymultiplying ClosedSalesbyAverageSalePrice. Itisastrongindicatorofthehealth oftherealestateindustryinamarket,andisofparticularinterestto realestateprofessionals,investors,analysts,andgovernmentagencies. Potentialhomesellersandhomebuyers,ontheotherhand,willlikely bebetterservedbypayingattentiontotrendsinthetwocomponents ofDollarVolume(i.e.salesandprices)individually.
3.6%100.0%
March 2022 100.0% 4.7%
$569.6 Million 16.6%
June 2022 100.0% 2.5% May 2022 100.0% 3.3%
July 2022 99.0% 1.3%
August 2022 $416.5 Million -19.6%
September 2021 $488.8 Million
Economists' note : TimetoSaleisameasureofthelengthofthehome sellingprocess,calculatedasthenumberofdaysbetweentheinitial listingofapropertyandtheclosingofthesale. Median TimetoSaleis theamountoftimethe"middle"propertysellingthismonthwason themarket. Thatis,50%ofhomessellingthismonthtook less timeto sell,and50%ofhomestook more timetosell. MedianTimetoSale givesamoreaccuratepicturethanAverageTimetoSale,whichcanbe skewedupwardbysmallnumbersofpropertiestakinganabnormally longtimetosell.
March 2022 50 Days -34.2%
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 J A 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 J A 200 40 1201008060toTimeMedian Sale 806040200toTimeMedian Contract Monthly Market Detail August 2022 2018 2019 2020 2021 2022 Palm Beach County Townhouses and Condos
January 2022 59 Days -30.6%
April 2022 51 Days -29.2%
Economists' note : LikeTimetoSale,TimetoContractisameasureof thelengthofthehomesellingprocesscalculatedforsaleswhichclosed duringthemonth. ThedifferenceisthatTimetoContractmeasures thenumberofdaysbetweentheinitiallistingofapropertyandthe signingofthecontractwhicheventuallyledtotheclosingofthesale.
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
December 2021 53 Days -34.6%
November 2021 56 Days -34.1%
WhenthegapbetweenMedianTimetoContractandMedianTimeto Salegrows,itisusuallyasignoflongerclosingtimesand/ordeclining numbersofcashsales.
15 Days -64.3%
August 2022 17 Days 6.3%
February 2022 53 Days -35.4%
Median
Month Median Time to Contract Percent Year-over-YearChange
JulyYear-to-Date2022
October 2021 15 Days -58.3%
Month Time to Sale Year-over-YearChange
April 2022 10 Days -64.3%
June 2022 11 Days -42.1%
SeptemberYear-to-Date2021
March 2022 10 Days -72.2%
August 2022 56 Days -6.7% -25.4%53 Days
Median Time to Sale
Contract The median number of days between the listing date and contract date for all Closed Sales during the month 2018 2019 2020 2021 2022
Percent
August 2021 60 Days -31.0%
May 2022 50 Days -25.4%
December 2021 14 Days -67.4%
The median number of days between the listing date and closing date for all Closed Sales during the month
12 Days -20.0%
July 2022 54 Days -11.5%
12 Days -55.6%
Median Time to
August 2021 16 Days -63.6%
January 2022 14 Days -66.7%
September 2021 60 Days -24.1%
June 2022 51 Days -20.3%
17 Days -51.4%
May 2022 10 Days -54.5%
October 2021 56 Days -30.0%
November 2021
February 2022 13 Days -67.5%
August 2021 1,499 18.1%
January 2022 August 2021 1,514 -7.4%
November 2021 1,504 -4.1%
J
July 2022 1,499 -6.2%
April 2022 1,511 -30.1%-29.4%
Month New Pending Sales Percent Year-over-YearChange
October 2021 1,525 -2.1%
June 2022 1,707 7.2%
December 2021 1,301 -4.8%
Year-to-Date 13,194 -4.2%
September 2021 1,503 -2.7%
2022
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
July 2022 1,033 A S O N D F M A M A S N A
Economists' note : Becauseofthetypicallengthoftimeittakesfora saletoclose,economistsconsiderPendingSalestobeadecent indicatorofpotentialfutureClosedSales. Itisimportanttobearin mind,however,thatnotallPendingSaleswillbeclosedsuccessfully. So,theeffectivenessofPendingSalesasafutureindicatorofClosed Salesissusceptibletochangesinmarketconditionssuchasthe availabilityoffinancing forhomebuyersandtheinventoryof distressedpropertiesforsale.
Year-to-Date 11,151 -22.8%
April 2022 1,729 -1.3%
J J
February 2022 1,588 -11.2%
O
March 2022 1,864 -3.0%
D J F M
November 2021 1,445 7.8%
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 J A J F M A M J J
June 2022 1,152 -31.1%
September 2021 1,530 -12.5%
August 2022 1,376 -9.1%
Economists' note : NewListingstendtoriseindelayedresponseto increasingprices,sotheyareoftenseenasalaggingindicatorof markethealth. Aspricesrise,potentialsellersraisetheirestimations ofvalue—andinthemostrecentcycle,risingpriceshavefreedup manypotentialsellerswhowerepreviouslyunderwaterontheir mortgages. Notethatinourcalculations,wetakecaretonotinclude propertiesthatwererecentlytakenoffthemarketandquicklyrelisted, sincethesearenotreally new listings.
Month New Listings Percent Year-over-YearChange
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 2,5002,0001,5001,0005000ListingsNew 2,5002,0001,5001,0005000SalesPending Monthly Market Detail August 2022 2018 2019 2020 2021 2022 Palm Beach County Townhouses and Condos New Pending Sales The number of listed properties that went under contract during the month 2018 2019 2020 2021 2022 New Listings The number of properties put onto the market during the month
October 2021 1,509 -16.6% 1,677 -8.0%
February 2022 1,580 -14.2%
May 2022 1,294 -34.3%
August 1,114 -25.7%
March 2022 1,725 -21.5%
May 2022 1,754 -2.1%
January 2022 1,742 6.0%
December 2021 1,332 -9.4%
December 2021 1.2 -73.9%
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 J A J F M A M J J
November 2021
June 2022 2,408 8.3%
September
January 2022 1.0
July 2022 2,708 20.0%
-72.5%-77.8%
May 2022 1.3 -27.8%
YTD (Monthly Avg) 1.4 -46.2%
Month Inventory Percent Year-over-YearChange
Economists' note : MSIisausefulindicatorofmarketconditions. The benchmarkforabalancedmarket(favoringneitherbuyernorseller)is 5.5monthsofinventory. Anythinghigheristraditionallyabuyers' market,andanythinglowerisasellers'market. Thereisnosingle acceptedwayofcalculatingMSI. Acommonmethodistodivide currentInventorybythemostrecentmonth'sClosedSalescount,but thiscountisausuallypoorpredictoroffutureClosedSalesdueto seasonalcycles. Toeliminateseasonaleffects,weusethe12-month averageofmonthlyClosedSalesinstead.
Months Supply of Inventory
April 2022 1,650 -40.5%
March 2022 1,496 -61.8%
October 2021 1,917 -64.4%
August 2021 1.5 -71.2%
June 2022 1.7 13.3%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
April 2022 1.1 -50.0%
July 2022 2.0 33.3%
May 2022
November 2021 1.2 -75.5%
August 2021 2,157 -59.5%
Month Months Supply Percent Year-over-YearChange
August 2022 2,768 28.3% 2,008 -36.9%
December 2021 1,765 -65.7%
March 2022 1.0 -70.6%
February 2022 1,494 -67.5%
February 2022 1.0 -75.6%
August 2022 2.1 40.0%
September 2021 2,032 -62.0%
October 2021 1.3 -74.0% 2021 1.4 A County
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 J A 7.06.05.04.03.02.01.00.0ofSupplyMonths Inventory 8,0006,0004,0002,0000Inventory Monthly Market Detail August 2022 2018 2019 2020 2021 2022 Palm Beach
Townhouses and Condos Inventory (Active Listings) The number of property listings active at the end of the month 2018 2019 2020 2021 2022
Economists' note : Thereareanumberofwaystodefineandcalculate Inventory. Ourmethodistosimplycountthenumberofactivelistings onthelastdayofthemonth,andholdthisnumbertocomparewiththe samemonththefollowingyear. InventoryriseswhenNewListingsare outpacingthenumberoflistingsthatgooff-market(regardlessof whethertheyactuallysell). Likewise,itfallswhenNewListingsaren't keepingupwiththerateatwhichhomesaregoingoff-market.
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
1,8461,955 -65.8%
January 2022 1,581 -68.7%
YTD (Monthly Avg) -20.5%
706050403020100 Less$50,000than $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 $999,999- $1,000,000 or more ContracttoTimeMedian August 2021 August 2022 706050403020100 0 50 250200150100 Less$50,000than $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 $999,999- $1,000,000 or more SalesClosed August 2021 August 2022 0 50 250200150100 Monthly Market Detail August 2022 Palm Beach County Townhouses and Condos Closed Sales
$400,000 - $599,999 149 -5.7% $600,000 - $999,999 76 -14.6% 24 Days -7.7%
Sale Price
Sale Price Closed Sales Percent Year-over-YearChange
Median Time to Contract Percent Year-over-YearChange
Sale Price The number of sales transactions which closed during the month Median Time to Contract by Sale Price The median number of days between the listing date and contract date for all Closed Sales during the month
$150,000 - $199,999 129 -38.9% $200,000 - $249,999 115 -49.6%
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 representedbyyear-over-yearchanges(i.e.comparingamonth'ssales totheamountofsalesinthesamemonthinthepreviousyear),rather thanchangesfromonemonthtothenext.
Less than $50,000 (No Sales) N/A
$50,000 - $99,999 22 Days -48.8% $100,000 - $149,999
Economists' note : LikeTimetoSale,TimetoContractisameasureof thelengthofthehomesellingprocesscalculatedforsaleswhichclosed 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 Salegrows,itisusuallyasignoflongerclosingtimesand/ordeclining numbersofcashsales.
$200,000 - $249,999 15 Days 36.4% $250,000 - $299,999
Less than $50,000 0 -100.0% $50,000 - $99,999 39 -75.5%
$600,000 - $999,999 21 Days -25.0% $1,000,000 or more 30 Days -28.6% by
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
$100,000 - $149,999 99 -42.1%
$150,000 - $199,999 12 Days 0.0%
$250,000 - $299,999 147 -0.7% $300,000 - $399,999 214 8.6%
$1,000,000 or more 50 -24.2%
$400,000 - $599,999 17 Days 21.4% 17 Days 13.3% $300,000 - $399,999 14 Days 27.3%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022.
$250,000 - $299,999 174 -4.9%
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 propertiesthatwererecentlytakenoffthemarketandquicklyrelisted, sincethesearenotreally new listings.
$50,000 - $99,999 19 -84.3% $100,000 - $149,999 123 -34.6%
$150,000 - $199,999 165 -34.0%
$200,000 - $249,999 155 -20.5%
Initial Listing Price New Listings Percent Year-over-YearChange
$300,000 - $399,999 300 38.2% $400,000 - $599,999 211 30.2% $600,000 - $999,999 128 20.8% $1,000,000 or more 100 20.5%
$200,000 - $249,999 279 26.2%
6005004003002001000 Less$50,000than $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 $999,999- $1,000,000 or more Inventory August 2021 August 2022 350300250200150100500 Less$50,000than $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 $999,999- $1,000,000 or more ListingsNew August 2021 August 2022 3503002502001501005006005004003002001000 Monthly Market Detail August 2022 Palm Beach County Townhouses and Condos
Less than $50,000 1 -88.9%
New Listings by Initial Listing Price
Inventory by Current Listing Price
$300,000 - $399,999 517 125.8% $400,000 - $599,999 438 103.7% $600,000 - $999,999 325 74.7% $1,000,000 or more 399 32.1%
The number of property listings active at the end of the month
Less than $50,000 4 -69.2%
$150,000 - $199,999 298 -2.0%
Economists' note : Thereareanumberofwaystodefineandcalculate Inventory. Ourmethodistosimplycountthenumberofactivelistings onthelastdayofthemonth,andholdthisnumbertocomparewiththe samemonththefollowingyear. InventoryriseswhenNewListingsare outpacing the number of listings that go off-market (regardless of whethertheyactuallysell). Likewise,itfallswhenNewListingsaren't keepingupwiththerateatwhichhomesaregoingoff-market.
The number of properties put onto the market during the month
$250,000 - $299,999 248 31.9%
$50,000 - $99,999 53 -78.0% $100,000 - $149,999 207 -19.8%
Current Listing Price Inventory Percent Year-over-YearChange
Closed MedianClosedMedianClosedMedianSalesSalePriceSalesSalePriceSalesSalePrice ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonWednesday,September21,2022.NextdatareleaseisThursday,October20,2022. August 2022 August 2021 Percent Year-over-YearChange Traditional 1,008 1,438 -29.9% $291,500 $233,750 24.7% Foreclosure/REO 10 8 25.0% $190,000 $104,525 81.8% Short Sale 0 2 -100.0% (No Sales) $143,500 N/A $200K$100K$0K $300K $600K$500K$400KPriceSaleMedian 100%90%80%70%60%50%40%30%20%10%0%SalesClosed Traditional Foreclosure/REO Short Sale 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 J A 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 J A Monthly Distressed Market August 2022 Palm Beach County Townhouses and Condos 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
