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Elliman Report: Royal Palm/Boca Raton 3Q 2019

The market continued to experience elevated sales levels, fewer listings, and upward price pressure. The number of sales remained at a three year high of 19, up 18.8% from the year-ago quarter and up 31.9% above the five-year quarterly average of 14.4. Listing inventory dropped 28.4% to 53 from the prior-year quarter and declining annually for the second straight quarter. With rising sales and falling…

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