According to Ten-X, an online marketplace, the state of Florida has 4 of the top 5 hottest single family home markets. Each area has a combination of strong demand, home price appreciation, and economic and demographic growth. Palm Beach County Florida had a 12.1% home price increase in one year and a .6% home sales increase this past year. According to Ten-X and the Florida Realtors website “Home sales are at a high level, however, some 24 percent below their bubble peak, indicating plenty of room for further growth. Seasonally adjusted prices are approaching $270,000 and are at their highest level since 2007, though they remain 11.6 percent below their prior peak. This suggests room for further growth. Single-family homes in the metro offer great affordability and are cheaper than local apartment rentals, which should preserve demand for buying and allow for additional price gains. With permit activity still hovering at a low level, overbuilding is far from a concern and Palm Beach’s housing market remains solid.” (…)

To start your home search in Palm Beach County and the Treasure Coast Florida area, visit www.ChristinaAlzona.Realtor

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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.