The housing market in Palm Beach is hot, hot, hot, and the short span of time that homes are spending on the market are a clear indicator of this. According to real estate data, 20.4 percent of Palm Beach County homes sold within two weeks of listing on the MLS, making it the fastest pace for selling since 2010—for comparative purposes, 10.8 percent of homes in the area sold at that rate in September 2012. Anyone who has tried to buy a home in the Palm Beach County area has probably seen the brevity with which homes are moving, and sales are speeding up throughout South Florida, including Broward and Dade Counties.
The percentage of homes selling at that rapid rate aren’t even enough to make Palm Beach the fastest selling homes in the US—according to Redfin Real Estate Data, San Jose, California has almost 50 percent of their homes being snatched up within two weeks. Other areas topping ours? San Francisco, Austin, San Diego, Phoenix, and Atlanta. Despite the fact there are still a fair amount of vacant homes in the area, the residential moves in Palm Beach are competitive and climbing in the area, even for homes with missing appliances and striped interiors.