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Palm Beach County home prices hit a new record high ahead of summer real estate slow down

Housing demand prompts reduced inventory in Palm Beach County

Housing demand prompts reduced inventory in Palm Beach County January 14, 2021 at 3:35 PM EST - Updated January 14 at 6:21 PM Real estate agents say the inventory of single families homes has dropped drastically in Palm Beach County, but demand is still increasing. Palm Beach County real estate agents say the housing market is experiencing a 38 percent drop in inventory and a 19 percent increase in average home price. It is a tough market for buyers, but some tips may help you in your next offer. Virtual tours and open house live streams are the modern-day showings. During an inventory shortage of single-family homes, it may be the quickest way to make an offer on a home before it s gone.

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