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Elliman Report: Boca Raton Sales 4Q 2013

CONDO/TOWNHOUSE Median sales price jumped 25.8% to $150,000 from the same period last year. The rise was partially attributable to the jump in the average size of a sale. The average square footage of a sale expanded 14.9% to 1,629 over the same period…

SINGLE FAMILY …The time to sell a property fell to 97 days, more than two months faster than the prior year quarter. The number of sales declined 2.8% and listing inventory expanded 24.1% over the same period. As a result, the absorption rate, the number of months to sell all inventory at the current rate of sales, increased to 7.6 months from 6 months in the prior year quarter…

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