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It’s been a rough spring for residential real estate in Palm Beach County. May despite a similarly beleaguered track record. A total of 1,648 single-family homes were sold last month at a median.
"Sales have been unable to break out because there are simply not enough homes for sale. Median prices have been on the rise in the tri-county region since 2012. Douglas Rill, a broker with Century.
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Palm Beach Single-Family Home Median Prices Continue Rising Palm Beach County single-family home prices increased 3.1%, from $354,000 to $364,900. Existing condo prices increased 5.2%, from $175,900 to $185,000. Palm Beach Distressed Sales Comprise Just 2.6% of Total Sales
The Existing-Home Sales data measures sales and prices of existing. months of growth, according to the National Association of Realtors.. No part of this data may be reproduced, stored in a retrieval system, August 2019 brought 5.49 million in sales, a median sales price of $278,200, and 4.1 months of inventory.
Palm Beach County’s condo and townhouse market turned in a tepid performance. The median price was $182,500 in August, down 1.4 percent from a year earlier, and sales volumes fell nearly 5 percent.
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In June, the number of properties that received a foreclosure filing in Palm Beach County, FL was 28% higher than the previous month and 4% lower than the same time last year. Home sales for May 2018 were up 10% compared with the previous month, and up 223% compared with a year ago. The median sales price of a non-distressed home was $250,000.
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According to Palm Beach Realtors, the median sales price for a single-family home not in foreclosure or sold as a short sale was $216,000 in March, up 3 percent from last year. More detailed Palm Beach County information can be found at www.rapb.com.
Palm Beach Single-Family Home Median Prices Continue Rising Palm Beach County single-family home prices increased 3.1%, from $354,000 to $364,900.