The South Florida housing market got its first glimpse of what Hurricane Irma did to residential sales volume in September and the results can hardly be a surprise: closings for existing,
Palm Beach single-family home sales increased 8.7%, from 1,721 to 1,870. Palm Beach condo sales decreased 1.6%, from 1,476 to 1,453. Total sales volume increased 4.65%, from $1.45 billion to $1.52 billion. Single-family home dollar volume increased.
First-quarter real estate reports show robust sales in Palm Beach. noted how "a rise in average and median sale price across all areas shifted overall pricing metrics higher.". recorded at.
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· According to the National Association of Realtors® (NAR), the national median sales price for existing single-family homes in December 2018 was $255,200, up 2.9 percent from the previous year; the national median existing condo price was $240,600.
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The Miami Association of Realtors is reporting this week that palm beach county single-family home sales and median prices rose in 2Q 2019. Palm Beach County single-family home sales rose 1.2% year-over-year in 2Q 2019, increasing from 5,216 to 5,276. Condo transactions declined 4.1%, from 4,173 to.
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Palm Beach County had a strong second quarter. Single-family home sales rose 2.3 percent to 5,221 sales in the second quarter, and condo sales were up 1 percent to 3,933 closings. The median price of a single-family home grew by 4.3 percent to $335,000, while the median condo price increased 5.3 percent to $170,000.
"Palm Beach County saw a healthy year-over-year increase in active listings and months’ supply of inventory in single family homes. At 5.1 months’ supply, we are just shy of the benchmark for a balanced market [5.5 months’ supply] which favors neither buyer nor seller," said Jeffrey Levine, President of the Realtors of the Palm.
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