As Hurricane Helene nears Florida's Gulf Coast, property data firm CoreLogic estimates approximately 25,000 homes are at risk of flooding due to storm surge.
According to new data from the Miami Association of Realtors, Palm Beach County, Florida, saw a 2.6% drop in total residential sales in July 2024, declining from 2,109 to 2,054 transactions.
Based on new data from global property consultant Knight Frank, 463 sales of properties valued at $10 million or more were recorded in the three months leading up to June 2024 across 11 key markets. This figure is slightly lower than the 476 sales recorded in the previous quarter.
The decline is due to a lack of inventory at key price points. The statistics would be much stronger if they included South Florida's robust developer new construction market and volume.