Renters win in slow market [South Florida]
Now that Palm Beach County’s boom-time home-sales market is settling down … guess what? It’s become a renters’ market, according to a report released Wednesday.
While that’s good for renters, it isn’t welcome news to landlords or home sellers.
Home sellers competing for buyers in the county’s volatile market now have a glut of rental apartments to worry about, according to RealFacts, a multifamily research firm in Novato, Calif.
The average rent in the county from April through June was $1,156, according to RealFacts. That is an average of all bedroom and bathroom combinations.