It is time for your true real Estate nine to one one midweek update with your local real estate pro, Lisa True. Lisa, there continues to be a lot of uncertainty with the economy generally, certainly the real estate market, and do you have the latest information we need to know. Sounds like it's a bit of a mixed market.
It is. When people ask me how's the market doing, the answers it really depends. It is hyper local right now. Overall, the good news is our median price continues to go up. We're actually up five percent year over year median sales price six p forty seven. The inventory's also up five point seven months now, remember six months is neutral. We are moving towards that maybe even buyer's market coming up.
Tell Them's condos and Villa's different story. They are very slightly up, like one percent, up three seventeen, but they have a ten month supply of inventory. It is a lot more challenging town homes villa's condos in that market. Overall, a lot of opportunities for buyers there. Now, this is where it gets complicated. Del Rey. Their medium price is up seventeen percent year over year. West Palm almost five percent, but our cities like Jupiter and Palm Beach Gardens are struggling.
Jupiter's down twenty seven percent and Palm Beach Gardens is down seven percent. So that's why I say it is hyper local as to what's happening, even down to the neighborhood.
Wow, that is really great information and if you want to know what that means specific to you and your property considerations, the Truths are here to help you right now. Reach out to them today five to six, y one, nine seven, two eighty three, twenty six. Visit True real Estate nine to one one dot com or just google True Group that's tr EU group