West Palm Beach, FL housing market

Here's the number that tells the story in West Palm Beach this month: sellers are asking about four hundred ninety-one thousand dollars, while the typical home is actually worth about four hundred thirty thousand dollars, down just under one percent from a year ago. That gap is why homes are sitting. The median listing now takes seventy-nine days to sell, nearly three months of waiting. There's plenty to choose from too, with about two thousand five hundred fifty homes on the market and roughly 670 new listings arriving this month, so buyers can afford to be picky and take their time. Only about 16 percent of listings have cut their price, which tells me many sellers still haven't adjusted to what buyers will actually pay. If you're thinking of selling, the takeaway is straightforward. This is a patient market, not a hot one. Price to the value, not to the wish. Homes priced right still move, but the ones chasing a higher number are the ones sitting for seventy-nine days.