Market on the Move
Palm Beach County’s real estate market is showing strong signs of momentum as we move deeper into fall. Mortgage rates are easing, buyer confidence is up, and more homes are hitting the market — creating the most balanced environment we’ve seen in months.
According to recent data, pending single-family home sales are up 18% compared to last September, and closed sales have jumped 25% year-over-year.
Last year, election uncertainty caused many buyers and sellers to hit pause. This year, however, lower mortgage rates and increasing inventory are bringing both sides back to the table.
📊 Current Mortgage Rates
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30-Year Fixed Conventional: ~6.17%
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FHA / VA Loans: ~5.99%
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VIP Jumbo (5-Year ARM): ~4.875%
This week’s rate improvements have given many buyers a much-needed boost in affordability. When rates drop, purchasing power rises — allowing buyers to qualify for more home at the same monthly payment.
Why It’s Good News for Buyers and Sellers
For buyers, this is a window of opportunity. More inventory means more choices and less competition. For sellers, demand is quickly picking up again as lower rates bring buyers off the sidelines.
Historically, when rates decline and buyer activity climbs, home prices tend to follow. Palm Beach County communities such as Wellington, Loxahatchee, Westlake, and Palm Beach Gardens are already seeing an uptick in showings and pending contracts.
What’s Next for the Market
The combination of easing rates, rising sales, and stronger consumer confidence suggests Palm Beach County is entering a healthy growth cycle heading into the winter months. With buyers regaining momentum and sellers adjusting to a more active market, both sides are finding opportunities to make their next move.
Take Advantage of the Market Shift
Whether you’re planning to buy, sell, or just explore your options, this is a great time to reassess your real estate goals.
📞 Call or text Victor Velazco at (561) 269-9465
🌐 victorvelazco.com
✉️ [email protected]
