Sales activity and cash sales fall in South Florida

Miami-Dade's neighbors to the north are experiencing declining home sales activity and fewer cash deals
  • Palm Beach and St. Lucie counties experienced 7.8 and 4.4 percent year-over-year dips in home sales activity.
  • All four of Palm Beach County's largest cities saw double-digit drops in total sales activity.
  • The majority of home sales in St. Lucie County occur in Port St. Lucie.

Last month existing home sales activity in both Palm Beach and St. Lucie counties dipped; however, what stood out more were the sharp declines in the volume of cash transactions. In Palm Beach County a total of 2,790 homes, including single-family and condos, sold during March, which equated to a nearly 7.8 percent year-over-year dip, according to Realtors Association of the Palm Beaches.