Published by Peter Zalewski
11/27/2024 
5:33:20 PM 
Tenants paid a median price of $2.15 per square foot monthly for residential units leased during the Palm Beach County Summer Buying Season that spanned from May through October 2024. (Photo courtesy of Google Maps)
Has the Palm Beach County residential rental market peaked?
The early indications are the market is still growing but at a slower pace than in previous years.
The number of leases completed in Palm Beach County increased by three percent during the recently concluded 2024 Summer Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.
Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
For a free consultation, please contact the South Florida Condo Experts
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