Kimberly Adams, Realtor

Are we tilting into a buyer’s market? 👀

Here’s what’s happening right now…

Nationally, there are 47% more sellers than buyers — the biggest gap we’ve seen in over a decade.

In Austin? It’s even more dramatic — 128% more sellers than buyers. 😳

For the first time since the early 2000s, there are actually more homeowners with mortgage rates at 6% and above than those sitting at 3% and under.

Inventory is climbing too. About 1.2 million homes are on the market right now. For perspective, we bottomed out around 850,000 homes during the pandemic… but we’re still below the old “normal” of about 2 million homes pre-2020.

So what does this mean?
Buyers have more options. Sellers have more competition. Strategy matters!

Curious what this looks like locally? Let’s talk. 🏡

🌴 PALM BEACH COUNTY REAL ESTATE UPDATE 🌴

PALM BEACH COUNTY IS OUTPERFORMING THE NATION

📊 January numbers just confirmed it:

✅ Closed Sales ↑ +10% YOY✅ Median Sales Price ↑ +8%✅ Months of Inventory ↓ -5%✅ Mortgage Rates ↓ -11%

Momentum is real.Opportunity is real.South Florida is still 🔥

Thinking about buying or selling this year? Timing matters more than ever.