New listings grow in Palm Beach County housing market while... | www.mypalmbeachpost.com

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Lawrence Yun, chief economist for the National Association of Realtors, predicted uneven sales in the months ahead that will be affected by “several market frictions,” including interest rates, loan availability and inventory restrictions.
While new listings increased in Palm Beach County, there is still just a 4.8 months’ supply of homes for sale, down from 8 months during the same time last year. A 6 months’ supply is traditionally considered a good balance between supply and demand.
“It’s becoming more of a sellers’ market,” said Barb Kozlow, president elect of the Realtors Association of the Palm Beaches. “Homeowners have more confidence listing their homes for sale realizing buyers are eager to purchase.”