Invest Smart: August 2023 Real Estate Insights for Boca Raton and Delray Beach

Hello, Boca Raton and Delray Beach! Good news—the market is normalizing, but we’re still seeing lower than average inventory. Homes are selling more quickly, and buyers are more active. As we move into the second half of 2023, we can expect increased market activity, especially with snowbirds coming to town.

Curious about the latest real estate trends in Boca Raton and Delray Beach? With the market normalizing and buyer activity on the rise, now is the perfect time to stay informed. Discover the insights you need to invest smartly in August 2023.

For more information about the housing market, be sure to check out my monthly real estate market series, which covers both local and national trends. But for now, let’s focus on what’s happening right here in Boca Raton and Delray Beach.

In Boca Raton, we currently have 261 active listings, 106 pending homes, and 109 homes that sold in July. These homes sold for an average of $877,240 and were on the market for an average of just 38 days.

Switching to Delray Beach, we have 140 homes on the market, 52 pending, and 53 homes that sold in July. The changing market conditions are evident, with homes not staying on the market for long and inventory levels remaining low.

As you can see, with the constant shifts, it’s no surprise that homes are selling quickly. In such a dynamic environment, having an experienced agent to guide you through your next real estate moves is crucial

Connect with Alex Mendel and the team at Keller Williams Realty Boca Raton to get more information and strategize on what to do with your home. Let us help you navigate these changes and make informed decisions that align with your real estate goals.

Thank you for reading our August 2023 real estate market insights for Boca Raton and Delray Beach. If you’re ready to make a move in this evolving market, contact me, Alex Mendel, with Keller Williams Realty Boca Raton. I’m here to provide expert guidance and ensure your real estate experience is successful.

Reach out to me at 561-827-8449, email me at alex@mendelgroupfl.com, or visit palmbeachpropertylistings.com. Don’t wait—your dream home in Boca Raton or Delray Beach is just a phone call away.

Don’t forget to check out our video guide on YouTube for more insights and tips on living in Boca Raton!

Remember, we are the key to your next home!