Palm Beach County home sales up 15 percent from last year, prices rise 4 percent

Real Time

real-estateSales of single-family homes in Palm Beach County last month were up 15 percent from the same time last year, while the median sales price increased nearly 4 percent to $280,000.

According to data released this morning by the Realtors Association of the Palm Beaches, the number of newly-listed homes jumped 11 percent, adding inventory and increasing the months of supply to 5.7.

Statewide, home sales were up 5 percent from last year, with prices growing 3.6 percent to $185,000.

“Florida’s housing market continued its steady pace in July,” said 2014 Florida Realtors President Sherri Meadows, CEO and team leader, Keller Williams. “Median sales prices rose year-over-year for both single-family homes and townhouse-condo properties in July – marking 32 months in row for higher median prices.”

Nationally, the volume of home sales was up 2.4 percent in July from June to a seasonally adjusted 5.03 million, which is the highest…

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