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Jupiter area real estate market poised for big season
Interplay of supply and demand is looking most interesting
There is no doubt we are entering what historically are the most active weeks of the home buying season. The weeks when home buyers are putting ink on paper and agreeing to buy homes. Last year pending home sales during the month of January in the Northern Palm Beaches soared by almost 15%. In February the shot up another 32%. They jumped again over 6% in March. It kicked off what ended up a year when we sold more homes in the Jupiter area than ever before. Ever, like in history. Way back before the lighthouse was built. Never has there been a year like 2015 where more homes sold in single year. If you wonder why Realtors were smiling in 2015 this was it.
 
Right out of the blocks, 2016 is starting better than last year. Last year pending home sales were up by less that 3 tenths of 1 percent between January 1st and 15th. This year we are up over 6%. Last year, we had 699 pending home sales in the Northern Palm Beaches. This year we are just about the same with 695 pending sales.
Inventory is different this year ... more

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