Higher home sales and rising prices continued to trend in Palm Beach County last month, but economists warned that interest rate shifts and falling investor activity may lead to a cooler market in coming months.
Sales of existing single-family homes in the county grew 19 percent in October from the same time in 2012 with 1,364 properties changing hands, according to a report released Wednesday by the Realtors Association of the Palm Beaches. At the same time, the median price for a Palm Beach County home was up 14 percent to $253,000.
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Median October prices in selected cities
Boca Raton, $257,000
Boynton Beach, $169,900
Delray Beach, $155,000
Lake Worth, $130,000
Palm Beach Gardens, $299,900
Royal Palm Beach, $187,500
West Palm Beach, $110,000
Source: Realtors Association of the Palm Beaches