Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Palm Beach County. The reports compare year-over-year data for June. Here are statistics on single family homes.

“Median housing price flattened in June. In the span of a year, home values went up only 0.6 percent from $355,000 to $356,990. This is a welcome relief for buyers and a caution to sellers who may be overpriced,” said Jeffrey Levine, President of the Realtors® of the Palm Beaches and Greater Fort Lauderdale and the South Broward Board of Realtors®.

Although median sale price slightly increased, closed sales decreased 6.3 percent year-over-year from 1,805 to 1,692. Closed sales are one of the simplest yet most important indicators for the residential real estate market.

“Buying or selling a home is the biggest financial decision most people make in their lifetime. Be sure to utilize the expertise of a local Realtor®,” continues Levine.

It’s important to get a full understanding of the current market conditions and where they are heading. A local Realtor® has the tools to show you how to appropriately go about buying or selling in the South Florida market.

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.