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Elliman Report: Palm Beach Sales 1Q 2023

Price trend indicators for the single family market showed mixed annual results as the average sales size fell sharply. Median sales price decreased 25.6% yearly to $8,931,215, but up 100.6% from pre-pandemic levels. Single family sales declined 62.8% annually to 16 due to a lack of listing inventory and higher mortgage rates. At the same time, listing…

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Housing Notes by Jonathan Miller

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