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Elliman Report: Palm Beach Sales 2Q 2020

The decline in sales represented what a spring housing market looks like when it is shut down to fight a global pandemic. There were 52 condo sales, down 50.9%, and 30 single family sales, down 3.2% from the year-ago quarter. The number of condo listings edged 5.9% higher to 288, year over year. Single family listings declined 25.9% to 109 as would-be sellers either pulled their listing or delayed placing them on the market during the market shutdown. Marketing time surged for properties that closed…

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