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Palm Beaches Market Report
This Month in Real Estate 2018
Enjoy the Palm Beaches Real Estate Market Report for this month. You can also do a home search and save your favorite properties. Set up a search and be alerted as soon as a matching property hits our database. It’s Exclusive!
Palm Beaches Housing Stats 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%.