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Elliman Report: Palm Beach Sales 3Q 2020

The overall sales rate across condos and single families grew year over year by the highest rate in a decade. The median sales price reached its highest level in sixteen years, and listing inventory fell to the second-lowest level in eight years. By property type, condo price trend indicators rose sharply from the prior year but were skewed higher by average sales size. Condo median sales price jumped 63.6% year over year to $875,000, while condo average sales…

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