Jupiter Homes for sale
Another good week for home sales here in the Jupiter area. We saw 56 homes close which is strong number for this time of year. The Board of Realtors released new housing data for the month of May 2014. I guess you won't be surprised but home prices are up 7% from last year to a median price of $281,900. This is still far below the 2006 peak median price of $400,000 here in Palm Beach County during the boom. We did hear that prices on average are back to 2004 prices and climbing. Several neighborhoods are pushing late 2004 and early 2005 prices.
Closed sales are up 11% from last year and cash sales are running 46% of all homes sold. The days on market before homes are selling is down 29% to just 56 days but inventory…
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