The WPJ

Boca Raton

Condo Sales Dive 24 Percent Annually in Palm Beach County

South Florida Realtors are reporting this week that Palm Beach County condo sales dove while luxury single-family home sales increased year-over-year as more single-family home inventory arrived in May 2022.

Greater Palm Beach Area Home Sales Dive 26 Percent Annually in April

According to the Miami Association of Realtors, Palm Beach County total home sales decreased 26.2% year-over-year, from 4,006 to 2,956.  Palm Beach existing condo sales decreased 27% year-over-year, from 2,017 to 1,472. Single-family home sales decreased 25.4% year-over-year, from 1,989 to 1,484.

Covid Driven Vacation Home Boom in America Now Ending in 2022

According to national property broker Redfin, demand for vacation homes in the U.S. has dropped sharply for the second month in a row in March 2022, with mortgage-rate locks for second homes at their lowest level since May 2020.

American Homeowners Billed $328 Billion in Property Taxes in 2021

According to ATTOM's newly released 2021 property tax analysis for almost 87 million U.S. single family homes, over $328 billion in property taxes were levied on single-family homes in 2021, up just 1.6 percent from $323 billion in 2020.

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