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

Home prices dropped in April across Broward and Palm Beach counties which conflicts the recent rise in prices from February and March. Homes are still selling fast with rampant competition amongst buyers trying to take advantage of the great deals. Broward’s median price for existing homes was $177,000, down 2 percent from a year ago.

The median sale price for a single-family house was $367,500 last month, up 3.5 percent from the previous year. The median condo price was up 15.6 percent to $185,000. Residential sales increased marginally, up less than 1 percent to 3,095 in Palm Beach County last month, thanks to a drop in single-family home sales.

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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

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The county needs to do more to address South Florida’s affordable housing crisis as real estate prices rise, Commissioner Melissa. because they can’t afford to live in Palm Beach County, McKinlay.

“With a double digit appreciation in the median sale. County,” said Ron Lennen, president of the Realtors of the Palm Beaches and Greater Fort Lauderdale. In Palm Beach County, single-family home.

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After rising in April, home sales fell in Miami-Dade and Broward counties in May, year-over-year, and rose slightly in Palm Beach County, according to the Florida Realtors. Median prices of homes.

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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.

>>Related: zillow begins buying homes in Palm Beach County. The median price of Palm Beach County houses sold by Realtors last month was $355,013, up 1.4 percent from July 2018 but a bit below May.

Suburban Palm Beach County and low-income. broke down single-family home sales in the second quarter by ZIP code. For the entire region, the number of single-family home sales increased 1.9% to.