According to the Miami Association of Realtors, Palm Beach County total home sales increased in February 2021 as pent-up demand and record-low mortgage rates continue fueling transactions.
Florida's housing market in December 2020 showed more closed sales, more new pending sales, higher median prices, and more new listings compared to a year ago. Single-family existing-home sales rose 21% compared to a year ago.
U.S. property broker Redfin is reporting this week that luxury home sales in West Palm Beach, FL surged 116% year over year in the fourth quarter of 2020.
The record-breaking Palm Beach real estate market is showing no sign of slowing. Driven by demand from high-tax states like New York, New Jersey, and California, the main challenge facing brokers at this point is lack of inventory.
Redfin is reporting this week that U.S. luxury home sales have surged 60.7 percent year over year during the three months ending November 2020, the biggest jump since at least 2013.
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