May Sales Stats are out! Check out some key market indicators for Palm Beach County. Single-family home sales increased by 7.7% year over year to 1,437 closed sales, while the median sale price rose 5.5% to $675,000. Townhouse and condo sales also remained strong, with 1,002 closed sales, up 6.6% from last year, and a median sale price of $245,000, and increase of 4.5%. Inventory has tightened compared to last year, with a 4.1-month supply for single-family homes and a 7.7-month supply for townhomes and condos, indicating a market that continues to move toward a more balanced level of supply while still offering opportunities for both buyers and sellers.
