Existing home sales in Palm Beach County increased 18% in the second quarter 2011 over the same time in 2010. This was better than the state of Florida, which had a 1% sales increase in the number of existing sales 2Q:11 over 2Q:10.
The increase in sales comes at a "price"-- a lower price. The median sales price for a single-family home in Palm Beach County fell 13% to $206,000 in 2Q:11 over the previous year. The median sales price in the state of Florida was down 5% during 2Q:10, to $134,600, versus the previous time frame last year.
Looking at the United States' housing market as a whole, there were less sales on a percentage basis and not as steep of a price drop when compared with Florida. Existing home sales nationwide fell almost 13% 2Q:11 over 2Q:10. The median existing single-family home price was $171,900 in 2Q:11, which was down 2.8% from the same time last year.
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Also, text me your name and e-mail address if you would like home search capabilities.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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