In South Palm Beach County meaning Boca, Delray, and Boynton Beach and surrounding areas closed sales were up 24% year over year in September and prices were up 10% meanwhile supply of homes for sale dropped 36% to 2.8 months.
Significantly more buyers are competing for significantly fewer homes and if you arent working with the right real estate professionals with dialed in lenders – your odds of getting your offer accepted are less than favorable.
I’m not going to waste a lot of your time by breaking down stats for each city in Broward and Palm Beach County. The overall trend and market dynamics are the same everywhere in South Florida.
There are a lot of people think that’s crazy based on what we just went through with the pandemic and States being close and unemployment being at record highs, But the reality is that buyers are out there buying, and we are often finding ourselves in multiple offer situations. What can you do to help your offer stand out amongst the competition? Watch and see
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