The inventory of homes for sale in Palm Beach County dropped again in June, pushing levels below a five months’ supply and leaving Realtors with eager buyers but no properties to show them.
A June sales report released Tuesday by the Realtors Association of the Palm Beaches found just 5,766 single-family homes were on the market last month, a 4.8 months’ supply that signifies a 48 percent drop from the same time last year.
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Palm Beach County single-family home sale stats for June
Closed sales: 1,494
Cash sales: 704
Median sales price: $259,990
Median days on market: 56
Months’ supply of inventory: 4.8
Average percent of original list price received: 94 percent