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Elliman Report: Palm Beach Sales 1Q 2018

The first quarter Palm Beach market was characterized by the second highest sales total in a decade and a faster pace. Condo sales surged 26.6% to 81, and single-family sales jumped 50% to 33 respectively from the prior-year quarter. Listing inventory for condos was essentially unchanged at 330 and inventory for single-family listings fell 15.2% to 156 respectively from the year-ago quarter. As a result, the pace of the market moved faster. The condo absorption…

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