Palm Beach County Home Sales, Median Sale Prices Rise in May

Total Home Sales Increase in May Palm Beach total home sales increased 3.9%, from 3,197 to 3,323. 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.

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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.

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The median price of homes currently listed in Palm Beach County is $350,000 while the median price of homes that sold is $259,100. The median rent price in Palm Beach County is $2,000, which is lower than the Miami-Fort Lauderdale-West Palm Beach Metro median of $2,054.

If no more homes were to hit the market, it would take only 3.5 months to deplete Broward’s existing supply at the current sales pace. palm beach county has. The July median sale price for Broward.

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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 first Palm beach county real estate market report for 2018 describes slower sales, tighter inventory, and increased median home prices, all of which are strong indicators that we will remain in a seller’s market for the foreseeable future.

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.

"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.

MIAMI – There is more positive news about Miami’s real estate market. Prices and sales rose year-to-year, according to the Miami Association of Realtors. The association bragged that single-family.