West Palm Beach, FL home prices and housing market

West Palm Beach homes are now sitting on the market for seventy-seven days before they sell. If you are thinking about selling this year, that number should shape how you price from day one. Here is the picture. The typical West Palm Beach home is worth about four hundred thirty-two thousand dollars, up just over one percent from a year ago. Values are still rising, but barely. Meanwhile, sellers are listing at a median of about four hundred seventy thousand dollars, well above what homes are actually valued at, and there are roughly twenty-four hundred homes for sale, with about five hundred fifty more coming on this month. Here is the turn. Despite all that, fewer than one in five listings has cut its price, about 18 percent. Most sellers are holding out instead of adjusting, and that is exactly why homes are taking two and a half months to move. The payoff is simple. If you price at what your neighbors are asking, you join the slow line. Price at what your home is actually worth, and you sell while others wait. Find out what your home is worth with a free estimate at Home Value Pros dot com.