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Elliman Report: Boca Raton 2Q 2021

The Boca Raton housing market continued to see record highs for prices and sales volume, as well as record lows for listing inventory and marketing times. As a result, the market moved at a record pace with an elevated market share of bidding wars, benefiting from mortgage rates near historic lows, the federal SALT tax, and the larger adoption of remote work as a residual of the pandemic. Condo sales surged 176.5% to 1,410 from the yearago quarter as listing inventory plunged 61.5% to a…

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