As the economy continues to improve, sustained growth has been seen in housing markets in several regions. The Southeast, California and Pacific Northwest regions are all enjoying strong housing markets this summer, but four of the top five summertime housing markets are located in Florida, with Palm Beach County coming in as the top summertime market, according to the recent Top Single-Family Housing Markets Report for Summer 2016 from real estate marketplace Ten-X, according to HousingWire.com.
The Ten-X report evaluated housing markets across the country based on both forecasted and current data. The top housing markets listed all exhibited evidence of demographic growth, economic growth, appreciation in home values, and strong demand.
Florida has seen some of the strongest growth in the nation recently. Top metropolitan areas in Florida offer affordable housing options while local economies are experiencing a rebound in employment opportunities and growth. The population growth in Florida has also been well above the national average.
Right here in Palm Beach County, we were previously ranked fourth in the country, but have jumped into first place this summer. Home prices in Palm Beach County shot up an impressive 16.8 percent from last year – the highest increase of any market in the country. Home sales growth has increased by more than 4 percent year over year.
Orlando has the second-best summertime market in the country. The city has seen an annual increase in home price growth of more than 10 percent. Home sales growth has increased by more than 5 percent. Tampa and Fort Lauderdale occupy third and fourth place, respectively.
Leibowitz Realty Group is the premier source for luxury homes and properties in Palm Beach County. We have been connecting buyers with luxury homes in upscale communities for more than 20 years. As a family-owned real estate firm, we offer personalized service in addition to the global technology that buyers expect. Contact us today by calling 561-262-0721 or 561-262-0722 to learn more about any of our properties or browse our listings online now to see properties that are currently available.