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Elliman Report: Boca Raton 3Q 2019

The single-family market overpowered the condo market this quarter with rising sales and prices. All price trend indicators in the single-family market moved higher on a year over year basis. The median sales price for single-family sales rose 3.9% to $465,000, and the number of single-family sales expanded 7.3% to 702 respectively over the same period. On the contrary, condo median sales price slipped from 2.2% to $220,000, and condo sales decreased 4.5% to 748 respectively over the same period. Listing inventory for both property types…

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