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Linda Shea

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Palm Beach Central
2005 Vista Pkwy, Ste. 100
West Palm Beach, FL
July 2012 Real Estate Update:
  • 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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