Market Update – January 2019: Palm Beach, Ocean Ridge & Manalapan

Palm Beach, Ocean Ridge & Manalapan Market Update

Each slide compares year-over-year data to show trends in the market place. For more information on Absorption Rate and how to determine if the market is balanced or if it favors buyers or sellers, please see “How’s The Market?” (click here for article).

Note on these areas: the property values are much higher than other areas in Palm Beach County, and these types of homes tend to have their own market. In the luxury market, sellers usually don’t need to sell, and buyers aren’t in a hurry to buy. Many times, sellers will place their properties on the market for extended periods of time to see if they get any bites; therefore you will often see a lot of inventory.

Here is the January 2019 Market Update for Palm Beach

  • Single Family Homes — 20.9 months supply = Buyer’s Market
  • Townhouse/Condos — 11.8 months supply = Buyer’s Market

Here is the January 2019 Market Update for Ocean Ridge

  • Single Family Homes — 8.2 months supply = Buyer’s Market
  • Townhouse/Condos — 9.4 months supply = Buyer’s Market

Here is the January 2019 Market Update for Manalapan

  • Single Family Homes — 19.4 months supply = Buyer’s Market
  • Townhouse/Condos — 9.0 months supply = Buyer’s Market

For more information, call me at 561.806.8550 or email me at heather.towe@gmail.com!

Jupiter Dream Life Team | The Corcoran Group
Team Lead — Heather E Towe, PA
REALTOR®, CRS®, CLHMS®, e-PRO®, PSA®
(561) 778-1642 | hello@jupiterdreamlife.com
Licensed to Sell Real Estate in Florida

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