Some people in the real estate industry are trying to eliminate one very important piece of real estate listing information — and if that happens, some folks aren’t going to be happy.
The market for Delray Beach Homes is in a constant state of change. Understanding those changes can make all the difference when it comes to buying or selling.
In 2024, the big news was the National Association of Realtors class action lawsuit that reshaped how agents get compensated. This year, we’ve been focused on the Clear Cooperation Policy. Recently, one of the largest national brokerages made headlines for an entirely different reason. They want to eliminate data reporting on how long it takes to sell real estate.
Let’s talk about what that means — and more importantly, what’s really happening in the market for Delray Beach Homes right now.
Delray Beach Homes Active Listings Continue to Drop
If you’ve been looking for Delray Beach Homes, you’ve probably noticed fewer “For Sale” signs. Since April — the end of our last high season — active listings are down nearly 400 units, or about 18%.
That means we’re heading into this year’s busiest buying and selling season with less inventory than six months ago, and even less than a year ago. Supply is tight, and buyers looking for Delray Beach Homes will need to move quickly when they find the right property.
Sold-to-List Ratio Remains Weak
Here’s where things get interesting. Over the past year, the sold-to-list ratio has stayed below 90%. In other words, if you listed your home for $500,000, it likely sold for less than $450,000.
That tells us one thing: Delray Beach Homes are still in a buyer’s market. Sellers aren’t getting the prices they expected, and buyers continue to hold the upper hand — for now.
If you want to stay on top of these kinds of trends, be sure to sign up for my free weekly e-letter. Every Wednesday morning, I share the latest updates on Delray Beach Homes, local developments, and insights to help you make confident real estate decisions.
Days on Market Are Rising Again
Now, let’s talk about how long it’s taking to sell a property — and why one major brokerage wants to hide this data entirely.
A year ago, Delray Beach Homes were taking about 80 days to sell — not exactly fast. Today, that number has climbed to 108 days, a 29% increase. Why? Many sellers are still pricing their homes too high and waiting for the market to come to them. Unfortunately, the opposite approach is needed right now.
The “days on market” metric is exactly what some real estate executives want to eliminate, arguing that it “hurts sellers.” Their plan? To create a private listing network where listings don’t appear on the MLS — meaning the public clock doesn’t start ticking.
But this benefits the brokerage, not the consumer. When listings for Delray Beach Homes are hidden behind private networks, exposure is limited. Sellers may lose out on potential buyers, and buyers miss out on seeing the full range of available homes.
Transparency helps everyone. Removing days-on-market data would only make the process less fair and less informed for both sides.
The Fast and the Slow Sellers
Here’s an interesting breakdown:
- 33% of all Delray Beach Homes sold in less than 30 days — those were the well-priced properties.
- Meanwhile, 28% of listings sat on the market for over 120 days, often because they were overpriced or lacked exposure.
If you’re a seller, pricing your property right from the start is key. The market will reward you with a faster sale and stronger offers.
The Big Picture: It’s Still a Buyer’s Market
My “Big Board” chart tells the story clearly:
- The median sales price is negative year-over-year for the second month in a row.
- Days on market are up 24% compared to last year.
Put simply, the market for Delray Beach Homes still favors buyers. Sellers need to be strategic, realistic, and informed to succeed in this environment.
Big News for Delray Beach: Golf Course Renovation
Outside of housing stats, there’s some exciting local news. The Delray Beach Municipal Golf Course officially closed on November 3rd for a full renovation that will take about a year. At the 4-min, 50-second spot on my recent video you can see what’s happening with the golf course and how it may positively affect Delray Beach Homes near the course.
The city is investing over $30 million to restore the course to its original design by legendary golf architect Donald Ross, improving the greens, clubhouse, driving range, and more.
When it reopens, it’s expected to become South Florida’s premier public golf destination — another great attraction for anyone considering Delray Beach Homes near golf communities or luxury neighborhoods.
Final Thoughts
Whether you’re buying, selling, or just keeping an eye on Delray Beach Homes, the key takeaway this November is clear:
- Inventory is down.
- Days on market are up.
- Prices remain soft.
It’s still a buyer’s market, but well-prepared sellers who price correctly can still win.
