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Palm Beaches Housing Market Report for This Month 2018
Here’s a look at the Palm Beaches Real Estate Market for August 2018. The average sale price for homes increased 0.6% this month from one year ago. Read more about this month’s real estate market below.
New Listings decreased 10.9% for Single Family homes and decreased 12.8% for Townhouse/Condo homes. Pending Sales decreased 18.8% for Single Family homes and decreased 9.5% for Townhouse/Condo homes. Inventory decreased 5.1% for Single Family homes and decreased 5.3% for Townhouse/Condo homes.
Average Sales Price increased 0.6% to $551,717 for Single Family homes and increased 18.3% to $288,394 for Townhouse/Condo homes. Median Time to Contract decreased 3.0% to 32 days on market for Single Family homes and decreased 2.9% to 33 days on market for Townhouse/Condo homes. Months Supply of Inventory decreased 5.1% to 3,056 for Single Family homes and decreased 5.3% to 2,671 for Townhouse/Condo homes.
There were 646 condominiums and single-family homes sold last month in Palm Beach County. When you compare last year’s 679 homes sold during the month of August, you’ll see a decrease in sales of – 4.9%.
Market Reports from 2018 Coming Soon:
|January 2018||February 2018||March 2018|
|April 2018||May 2018||June 2018|
|July 2018||August 2018||September 2018|
Palm Beaches Real Estate Sales This Month
Palm Beaches Real Estate NEW Listings This Month
Palm Beaches Area Homes For Sale by Price
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