Facts and Trends TM

Published May 2024*

Location:   Area 5300
Price Range:   $650,000 - No Limit
SQFT Range:   1600 - No Limit
Property Types:   Residential - Single Family Homes and Condo/Coop/Villa/Twnhse Combined - All Properties - All Properties - All Properties
Bedrooms:   0 - No Limit
Full Baths:   0 - No Limit
Half Baths:   0 - No Limit
Year Built:   0 - No Limit
logo

Prepared for you by: Laura Cole & Tana Gaskill


Number of Homes For Sale vs. Sold vs. Pended (Feb. 2023 - Apr. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Apr. 24Mar. 24% ChangeApr. 24Apr. 23% ChangeFeb. 24 to Apr. 24Feb. 23 to Apr. 23% Change
For Sale2326-11.5% down231827.8% up231827.8% up
Sold520-75% down513-61.5% down332722.2% up
Pended1114-21.4% down1113-15.4% down35336.1% up

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
5/1/24 - 5/11/244/1/24 - 4/11/24% Change5/1/24 - 5/11/245/1/23 - 5/11/23% Change1/1/24 - 5/11/241/1/23 - 5/11/23% Change
For Sale2327-14.8% down231464.3% up231464.3% up
Sold220%    220%    423520% up
Pended21100% up23-33.3% down47462.2% up


April 2024 was a Neutral market**
Home For Sale in April 2024 was 23 units. It was down 11.5% compared to last month and up 27.8% compared to last year.
Home Closed in April 2024 was 5 units. It was down 75% compared to last month and down 61.5% compared to last year.
Home Placed under Contract in April 2024 was 11 units. It was down 21.4% compared to last month and down 15.4% compared to last year.

**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.


Average Price per SQFT (Sold) (Feb. 2023 - Apr. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Apr. 24Mar. 24% ChangeApr. 24Apr. 23% ChangeFeb. 24 to Apr. 24Feb. 23 to Apr. 23% Change
Avg. Sq. Ft. Price (Sold)423500-15.4% down423539-21.5% down4944724.7% up

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
5/1/24 - 5/11/244/1/24 - 4/11/24% Change5/1/24 - 5/11/245/1/23 - 5/11/23% Change1/1/24 - 5/11/241/1/23 - 5/11/23% Change
Avg. Sq. Ft. Price (Sold)5335055.5% up53334454.9% up5104806.3% up


April 2024 Average Sold Price per Square Footage was Depreciating**
Average Sold Price per Square Footage in April 2024 was $423. It was down 15.4% compared to last month and down 21.5% compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.


Avg Days On Market & SP/Orig LP % (Feb. 2023 - Apr. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Apr. 24Mar. 24% ChangeApr. 24Apr. 23% ChangeFeb. 24 to Apr. 24Feb. 23 to Apr. 23% Change
Avg Days on Market684551.1% up6827151.9% up473342.4% up
Sold/Orig LP Diff. %92884.5% up92920%    8894-6.4% down

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
5/1/24 - 5/11/244/1/24 - 4/11/24% Change5/1/24 - 5/11/245/1/23 - 5/11/23% Change1/1/24 - 5/11/241/1/23 - 5/11/23% Change
Avg Days on Market205300% up2051-60.8% down463531.4% up
Sold/Orig LP Diff. %78100-22% down78771.3% up8892-4.3% down


April 2024 Average Days on Market trend Remains Steady**
Average Days on Market in April 2024 was 68. It was up 51.1% compared to last month and up 151.9% compared to last year.

April 2024 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in April 2024 was 92%. It was up 4.5% compared to last month and the same as compared to last year.

**Based on 6 month trend - Rising/Falling/Remains Steady.


Average Price of For Sale and Sold (Feb. 2023 - Apr. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Apr. 24Mar. 24% ChangeApr. 24Apr. 23% ChangeFeb. 24 to Apr. 24Feb. 23 to Apr. 23% Change
Avg. Active Price1,8511,6849.9% up1,8511,7913.4% up1,7721,7590.7% up
Avg. Sold Price1,3131,448-9.3% down1,3131,745-24.8% down1,4691,4064.5% up

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
5/1/24 - 5/11/244/1/24 - 4/11/24% Change5/1/24 - 5/11/245/1/23 - 5/11/23% Change1/1/24 - 5/11/241/1/23 - 5/11/23% Change
Avg. Active Price2,0111,44838.9% up2,0111,8568.4% up2,0111,8568.4% up
Avg. Sold Price1,7181,45318.2% up1,718783119.4% up1,5361,4257.8% up


April 2024 Average For Sale Price was Neutral**
Average For Sale Price (in thousand) in April 2024 was $1851. It was up 9.9% compared to last month and up 3.4% compared to last year.

April 2024 Average Sold Price was Neutral**
Average Sold Price (in thousand) in April 2024 was $1313. It was down 9.3% compared to last month and down 24.8% compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.


Months of Inventory Based on Closed Sales (Feb. 2023 - Apr. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Apr. 24Mar. 24% ChangeApr. 24Apr. 23% ChangeFeb. 24 to Apr. 24Feb. 23 to Apr. 23% Change
Months of Inventory (Closed Sales)4.61.3253.8% up4.61.4231.1% up2.125% up

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
5/1/24 - 5/11/244/1/24 - 4/11/24% Change5/1/24 - 5/11/245/1/23 - 5/11/23% Change1/1/24 - 5/11/241/1/23 - 5/11/23% Change
Months of Inventory (Closed Sales)4.15-18.2% down4.12.564.4% up2.31.735.2% up


April 2024 was a Neutral market**
Months of Inventory based on Closed Sales in April 2024 was 4.6. It was up 253.8% compared to last month and up 231.1% compared to last year.

**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.


Date2/233/234/235/236/237/238/239/2310/2311/2312/231/242/243/244/24
For Sale132218141721182324293227312623
New Listing12141071013812121789181412
Sold21213128381245978205
Pended146137667768811101411
Months of Inventory (Closed Sales)6.51.81.41.22.172.31.965.83.63.93.91.34.6
Months of Inventory (Pended Sales)0.93.71.422.83.52.63.343.642.53.11.92.1
Absorption Rate (Closed Sales) %15.454.572.285.747.114.344.452.216.717.228.125.925.876.921.7
Absorption Rate (Pended Sales) %107.727.372.25035.328.638.930.42527.62540.732.353.847.8
Avg. Active Price1,7321,7481,7911,8561,6531,7981,6881,8401,7511,9522,0721,8971,7871,6841,851
Avg. Sold Price8251,1351,7451,7321,2491,8921,6451,4141,0541,1931,2561,7991,6181,4481,313
Avg. Sq. Ft. Price (Sold)284431539574472511559478425484448577522500423
Sold/List Diff. %899993919896969594899391949399
Sold/Orig LP Diff. %899692879396929493888990878892
Avg Days on Market124327472027461652406349404568
Median Active Price1,8001,4321,7221,6851,4991,4501,4751,4001,4001,6491,6001,3951,2751,2481,245
Median Sold Price8251,0381,5501,0301,0351,8751,5601,2838481,2731,2501,4001,3501,3121,300

If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published May 2024, based on data available at the end of April 2024, except for the today’s stats. This representation is based in whole or in part on data supplied by Realtor Association of The Palm Beaches, Jupiter, Tequesta, Hobe Sound Association of Realtors, and St. Lucie Association of Realtors. Neither the Board nor its MLS guarantees or Neither the Boards nor its MLS guarantees or is in any way responsibles for its accuracy. Data maintained by the Board or its MLSs may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.