Palm Beach County
Condominium sales in South Florida have significantly declined, with August sales dropping by double digits compared to last year. This trend has persisted in Miami-Dade and Broward counties for 11 of the past 12 months, and in Palm Beach County for 10 months. The supply of condos has surged, particularly in Broward (up 100%), Palm Beach (77%), and Miami-Dade (58%). Despite increased inventory, condo...
In October 2023, Palm Beach County condo sales experienced a slight dip, with 641 units closing for a total volume of $319M. This was a modest decrease from the 644 condo sales totaling $293M recorded last month....
Residential sales in South Florida during Q3 generally ↓, but prices continued to ↑. Palm Beach experienced double-digit annual declines in sales. Single-family home sales ↓ 31% to 11 closings and condo sales ↓ ~50% to 23 closings....
