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Elliman Report: Palm Beach Sales 4Q 2015

Palm Beach sales fell from year ago levels, restrained by falling inventory, causing new price records to be set. Condo sales fell 26.4% to 39 from the year ago quarter. Single family sales followed the same pattern, falling 26.1% to 17 sales over the same period. Overall inventory fell 7.3% short of year ago levels to 419 as condo listing declined 14.2% and single family listings increased 15%. As a result, the pace of the overall market slowed…

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