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Elliman Report: Delray Beach Sales 3Q 2019

Rising sales, falling inventory, and mixed price trends characterized the overall market. Sales in the single-family housing market rose 5.9% to 343, while singlefamily listing inventory fell 9.4% to 575 respectively from the same period a year ago. Condo sales rose 2.3% to 622 and listing inventory for condos fell 7.3% to 793 respectively over the same period. As a result, the pace of both property types moved faster. The months of supply, the number of months to sell all listing inventory at the current rate of sales, for single families were five months, 15.3% faster than…

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Housing Notes by Jonathan Miller

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