Residential home sales throughout South Florida saw a pretty nice jump in November, with the one exception of Palm Beach County. According to recently released stats, local home sales fell 4.3 percent year-over-year to 1,189, and that’s even with prices trending upward.
Despite the dip in sales, the median price for single-family homes in Palm Beach County spiked 5.5 percent to $348,250 last month compared to this same time last year.
The good news is that condo sales in our market saw a nice boost from 2017, increasing by 6.1 percent year-over-year to 1,016 closings. In addition, condo prices also increased, although only by 2.8 percent to $176,750.
Overall, total residential sales in November still posted a small 0.2 percent gain, up four closings to 2,205 compared to November 2017.
Scot Karp, Director
Ultraluxury Condominium Division
PREMIER ESTATE PROPERTIES
Boca Raton, Florida
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