According to the California Association of Realtors, California home sales retreated in April 2022 as rising interest rates and higher home prices depressed housing demand even as the statewide median home price set another record for the second straight month, primarily due to strong sales at the top end of the market.
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.
According to Florida Realtors' latest statewide housing data, the severe lack of housing inventory, rising mortgage rates and home prices continued to impact Florida's housing market in February, slowing closed sales and pushing median prices to increase compared to a year ago.
The Miami Association of Realtors is reporting Palm Beach County's real estate market registered double-digit, year-over-year total home sales gains in February 2022.
The Miami Association of Realtors is reporting this week that Palm Beach County total home sales surged double digits in January 2022. Sales totals in January come after Palm Beach County set a new all-time annual record for total home sales in 2021.
Posted on December 24, 2020