Inventory in Palm Beach County has never been so low and the word "seller's market" has never been so appropriate to describe the housing trend we are currently seeing.
The median home price increased again this month from last month, reading $182,000 compared to 155,600 just three months ago, a 17.4% increase.
Mortgage rates around 3.66% continue to boost home affordability, some of the lowest rates on record since 1971.
While home sales declines 1.5% from last month to 4.55 million units, year-over-year increases are 9.6% higher.
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