WOW! The Realtors Association of the palm Beach just released the sales data for April 2015. In Jupiter the median sales price is up 25% in the last year and there have been 16% more closed sales in April 2015 Vs. April 2014. This is a WOW statistic. There is now just 3.9 months of inventory at the current absorption rate. The March sales were up 15% year over year and now they’re continuing the upward trend. It’s interesting that Palm Beach Gardens is not seeing these kinds of numbers. They’re OK with 32% more sales but median price up only 4.6% and just 4.6 months of inventory the current absorption rate. In Jupiter there are 758 houses for sale out of a total of about 30k. This is about 3% of the total housing units are for sale. The numbers in Palm Beach Gardens are similar at 766/27663.
CLICK HERE to read the April 2015 sales information from RAPB for the various municipalities.
