They are looking for a three-bedroom, two-bathroom home in the $250,000-$300,000 range, but as prices have continued to climb, they’ve expand their search beyond Palm Beach County, farther north to Port St.
Many were wary of buying in the spring or even last summer as they watched prices skyrocket, only to see them rise even more as the year comes to a close.
He decided to wait, but when he went back to the house in April, it was priced at $480,000.
In February of 2021, the median sale price of a home in Miami Dade County was $450,000, a 21% increase from the year before, according to numbers from the Broward, Palm Beach and St.
Flash forward to October of 2021, when median sale prices rose 19% from the year before in Palm Beach County to $500,000 in October.
She started looking in January for a home within her budget of $300,000-$350,000, but discovered that the properties were below the quality she was hoping for.
If you don’t have excess supply, it’s hard for the market to correct in a significant way.” In other words, he does not see a dramatic bust in our future.