November 2024
Delray Beach Market Stats
November 2024 brought significant market updates for Delray Beach, offering insights into the single-family home and townhouse/condo markets. Let’s delve into the latest data and trends that shaped these segments this past month.
Delray Beach Single-Family Home
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Closed Sales: A remarkable 41% increase, with 45 homes sold compared to last year.
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Median Sales Price: A dip of 13%, bringing the median price to $735,000.
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Active Inventory: Grew by 17%, reaching 315 available homes.
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Months Supply of Inventory: Rose by 5.1%, now at 5.9 months, signaling a shift closer to a balanced market.
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New Listings: Increased by 17%, with 98 homes hitting the market.
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New Pending Sales: Up by 15%, totaling 54 contracts signed.
Delray Beach Townhouse and Condos
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Closed Sales: A modest growth of 5.1%, with 41 properties sold.
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Median Sales Price: Surged by 26%, reaching $358,000.
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Active Inventory: Skyrocketed by 59%, with 413 units available.
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Months Supply of Inventory: Increased from 4.4 months to 7.9 months, highlighting a more competitive landscape for sellers.
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New Listings: Declined by 12%, with 98 properties listed.
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New Pending Sales: Dropped by 18%, to 46 units.
The Delray Beach market in November 2024 showcased diverse trends. Single-family homes saw a surge in sales and inventory, paired with a slight decline in median prices. Meanwhile, the townhouse/condo market experienced notable price increases and inventory growth, though new listings and pending sales dipped. These shifts highlight evolving opportunities for buyers and sellers in Delray Beach’s dynamic real estate market.
