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Elliman Report: Palm Beach Sales 4Q 2018

Significant volatility in the financial markets may have contributed to the easing of high-end market activity. Condo sales rose year over year for the fourth straight quarter to 83.8% of all sales, their highest market share since the financial crisis. The number of sales surged 86.1% to 67 from the prior-year quarter. Despite the significant rise in sales, listing inventory edged up 0.7% to 302 over the same period but still resulted in a faster moving market. The months to sell all condos, the number of months to sell all condo listings at…

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