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November 2016

Found 1 blog entry for November 2016.

Jupiter Real Estate

Today I'm going to present you with some interesting statistics regarding Florida properties including Palm Beach County properties and Jupiter properties. Our MLS covers properties from Fort Pierce down to Miami which is a very large area and it can not accurately reflect smaller areas that are more local in nature.  I will show you this below and it will give you a better understanding of the Jupiter real estate market.

 

The first three graphs represent the entire MLS area I mentioned above. As you can see the absorption rate is about 5.9 months which is falling after reaching a peak of 6.8 months in March 2016. This number is the number of months it would take to sell the remaining homes if no new homes were brought to

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