Check out the Palm Beach County Local Real Estate Market Update for November 2018. The following market update summary is based on newly released statistics reported by the Florida Realtors®, with a year-over-year snapshot comparison of 2017 & 2018 market data for the month of November.
The November 2018 market stats from the Florida Realtors® reveal that 54 less single-family homes have sold in Palm Beach County in November 2018 as compared to November 2017, representing a 4.3% year-to-year decrease in total closed home sales. On the contrary, condo & townhome sales in Palm Beach County show an increase of 6.1%, with a total of 58 more condo/townhome sales in November 2018 compared to this time last year.
MEDIAN SALES PRICE
November 2018 market stats show that the median sales price for single-family homes in Palm Beach County was $348,000, a 5.5% increase over the $330,000 median home sales prices in November 2017. The median sales price of condos & townhomes in Palm Beach County for November 2018 was $176,750, an increase of 2.8% from the median condo/townhome sales price of just...
Check out Palm Beach County’s real estate market performance for August 2018, provided by the local market update & statistics reported by the Florida Realtors. You will notice that overall, the real estate market in Palm Beach County, FL displays relative stability, continuing to reflect the prevailing trends and conditions that have maintained a “seller’s market” thus far in 2018. Let’s take a closer look!
August 2018 market stats reveal that 26 more single-family homes have sold in Palm Beach County in August 2018 as compared to August 2017, representing a slight increase of 1.7% for closed home sales. Condo & townhome sales in Palm Beach County display a slightly greater increase of 2.8%, with a total of 33 more condo/townhome sales in August 2018 compared to the same time last year.
MEDIAN SALES PRICE
In August 2018, market stats show that the median sales price for single-family homes in Palm Beach County was $340,000 which shows no change as compared to this same time last year. On the other hand, the median sales price of condos/townhomes in Palm Beach County for August 2018 was $185,000, a more modest 5.7% increase from the median condo/townhome sales price of just $175,000 in August of 2017.
The lack of significant sales growth in Palm Beach County in August 2018 compared to August 2017 is likely due...