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Jupiter Area Home Prices Up To 6 Month Highs
Biggest 30 day jump since April 2013
 
Jupiter area home prices have been on a seesaw since September with no clear cut direction. Up one month, down the next. We have to go way back to July of last year before finding a two month stretch of increasing prices. Pending home sales had been lackluster, inventory has been relatively flat for months and demand had been sputtering. Until 45 days ago. Inventory didn’t change but demand soared and as we have been telling you prices are heading higher. We will put our reputation on the line and say right now that next month the seesaw of median Jupiter area home prices will be over.
 

 
February started the ball rolling with median Jupiter area home prices moving higher by 4% to $379,000. With this performance, we remain fractionally higher than the 12 month moving average of $377,350 and about 4.5% higher than year ago numbers. We trail the 12 month high reached back in July by 5.25% and are still 28% the all time highs reached back in 2005. Jupiter area home prices have plenty of room to move from these levels.
 
The exciting news is prices ... more

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