Palm Beach Market Enjoys $4.2 Billion of Residential Sales in Q2

The Miami Association of Realtors is reporting this week that Palm Beach County single-family home sales and median prices rose in 2Q 2019. Palm Beach County single-family home sales rose 1.2% year-over-year in 2Q 2019, increasing from 5,216 to 5,276. Condo transactions declined 4.1%, from 4,173 to 4,003. "Palm Beach real estate continues to see strong demand and low supply in particular price points," JTHS-MIAMI President Kim Price said. "Several Palm Beach County cities are in hot demand with low months' supply of inventory. We expect to see an increased number of buyers from tax burdened states."