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

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Palm Beach County’s median price. More homes for sale will help restore balance to the market, slowing the sales pace but keeping prices from soaring out of reach for first-time buyers and young.

Home prices inched up in South Florida and across the country in May. of homes for sale. Last week, the Florida Realtors reported that the median price in Broward County rose 26 percent in June.

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The median home value in Palm Beach is $1,152,800. Palm Beach home values have gone up 1.8% over the past year and Zillow predicts they will rise 2.9% within the next year.

MIAMI June 21, 2019. Palm Beach County total home sales and median sale prices increased year-over-year in May as more northern home buyers take advantage of ultra-low mortgage rates and Florida’s no state income tax, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

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Palm Beach County’s median was $232,700, down from May and off 7 percent from $250,300 in June 2009. Meanwhile, existing condominium sales rose in both counties, while the median prices declined..

Palm Beach Home Sales, Median Sale Prices Rise in May Jun 24, 2019 Palm Beach County total home sales and median sale prices increased year-over-year in May as more northern home buyers take advantage of ultra-low mortgage rates and Florida’s no state income tax, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

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.

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Median condo prices rose in all three counties, hitting $156,000 in Broward, $175,000 in Palm Beach County and $225,000 in Miami-Dade. Advertisement The median means half the properties sold for.

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 · Palm Beach Single-Family Home Median Prices Continue Rising Palm beach county single-family home prices increased 0.6 percent in March 2019, from $348,000 to $350,000. existing condo prices decreased 1.1 percent, from $177,000 to $175,000 in March.

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.