Palm Beach County single-family homes are selling in nearly half the time they were last year, sitting on the market for fewer than two months as prices and sales volume see a summertime stabilization.
July’s median sales price in Palm Beach County was $249,000, a 15 percent increase from the same time in 2012, but a 4 percent dip from June, according to a Wednesday report from the Realtors Association of the Palm Beaches.
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July snapshot for Palm Beach County single-family home sales
Cash sales, 49 percent
Median days on market, 53
Original list price received, 94 percent
Homes sold for $1 million or more, 98
Homes sold for less than $50,000, 38
Active listings, 6,236
Months supply of inventory, 5.1