THE PALM BEACH HOUSING MARKET IS HOT, AND IT’S A GREAT TIME TO INVEST
Homeowners should be excited about the growth.
CLOSED SALES SOAR TO NEW HEIGHTS IN PALM BEACH COUNTY
Newly released data for January, 2020 from Florida Realtors® reports that recent activity in the Palm Beaches when comparing year-over-year statistics shows that closed sales on single family homes soared to new heights. The 29.3% surge is the biggest increase in recent years. Closed sales on townhouses and condos also rose by 20.3%.
The median sale price also rose 6.8% to $363,000 on single family homes and by 11.4% on townhouses and condos. Palm Beach County median sale prices have been on a steady rise for the last 5 years.
Closed sales are the most important and simplest indicators of a strong or weak residential real estate market.
As we see this trend continuing, if you are thinking about selling your property, reach out to see how you can take advantage of the current market and cash in.
Full version with all the stats market stats for Palm Beach County
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