Median Single Family Home Prices Hit New 3 Month High
As we see the six month trend for slower single family home sales continue, median prices rebounded last month rising for the 3rd straight month. Compared to year ago levels median sales prices are up 7.7% in the northern Palm Beach County region.
The 30 day improvement has been fractional as this months median sales price of $350,000 is just slightly ahead of the $349,000 we recorded a month ago. While we remain 5.2% below the 12 month high achieved back on May 1st of last year it is nice to see slight pricing pressure to the upside.
Until next month............