DataMarkets & Economy

Fewer homes sold in Palm Beach in July, but for higher prices

Home prices creep up as home sales slow in Martin, St. Lucie and Palm Beach counties
  • Total dollar volume in Martin, St. Lucie and Palm Beach counties was higher in July than the previous year despite less total home sales.
  • The average median sale price increase between the three counties was 10.1 percent.
  • All three counties' total dollar volume for condos and townhomes in July was $277 million.

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The Realtors Association of Palm Beach (RAPB) released July sales figures for Martin, St. Lucie and Palm Beach counties. The findings? Less homes sold overall, but more dollar volume was transacted, meaning more expensive homes came off the market than last year. Single-family homes sales Home sales in Martin County totaled 220 for the month of July, the report says. During the same month in 2015, 243 homes sold. However, median sale price increased to $320,000 year-over-year. Total dollar volume also increased 3 percent annually, to $101 million. The total number of homes sold in Palm Beach County was 1,530 in July, down from July 2015's 1,794. Median price increased annually from $285,000 to $317,250, with total dollar volume climbing 2.7 percent to $747.7 million. Palm Beach County July sales via RAPB. "In this case, less (fewer transactions) is more (higher dollar volume) due to higher sale prices,” RAPB President Judy Ramella said in a statement. St. Luci...