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Jupiter Home Prices Continue to Pull Back

For the 4th time in 5 months Jupiter home prices retreat
What a year it has been for real estate in the Northern Palm Beaches. Certainly more of a year where things stood still after what was an amazing year in 2013. As we bring you the last update of 2014 for single family home prices we are already thinking ahead to 2015 and what kind of year we can expect.

Over the past 30 days, the median single family Jupiter home price went down just about 1.5%. Not a great way to end a year that has seen median single family home prices increase for 7 straight months only to retreat since July 1st giving back almost all of those gains. For the year, the median Jupiter home price is up a rather boring 2.8%. Boring compared to 2013 when we saw median single family home prices in the area increase by just about 7%.
We sound like a broken record at times, not knowing to blame a rather lackadaisical market solely on home inventory that is priced ahead of the market. Or has demand really declined precipitously as buyers, with vision of what happened after ... more

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