Q1 2022 - Jupiter Single Family & Condo - Elliman Market Reports

The Florida housing market continued to see booming sales in the first quarter, enabled by the remote work phenomenon and tax policy, resulting in one of the fastest-paced markets on record. There are signs sales volume is now restrained by the continued collapse in listing inventory. In most of the housing markets tracked, listing inventory has fallen by well more than half in the past two years and bidding war market share is rising to new records. The recent rise in mortgage rates is expected to take some of the edge off the sales frenzy allowing some additional listing inventory to enter the market but it is expected to be inadequate to satiate demand.

Result highlights include:

- Listing inventory continued to collapse, down by two-thirds of pre-pandemic levels in most markets, continuing to restrain potential sales growth

- Bidding wars market share continues to rise to new records, accounting for up to half the sales in many markets

- Single family and condo price trend indicators continued to rise to new records or remained well-above pre-pandemic levels

- The market pace across the region continued to set records for the fastest on record.

Jupiter SIngle Family Home Statistics First Quarter 2022

First Quarter 2022 Jupiter Condo Real Estate Statistics