Jupiter Real Estate Market Report

Market Reports

 

Inventory continues to grow as we hit 35,628 homes for sale today in our MLS up from 30,000 October 1 and our low last year of 19,000. Inventory has nearly doubled which is good news for buyers but the higher interest rates have put continuing pressure on slowing home sales.

Here in Jupiter we now have 497 homes for sale which has risen dramatically over the last year with prices only slightly declining. Along the beach in Jupiter & Juno we now have 199 Jupiter Oceanfront condos & beach condos for sale which I can attribute to the rising carrying costs of second homes. Seller's are still reluctant to adjust to the changing market conditions with days on market rising and showings are sparse.…

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