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Elliman Report: Royal Palm/Boca Raton 4Q 2019

Falling inventory, a higher share of new construction and sales of older inventory defined the market this quarter. The number of listings fell 25.4% to 53 from the year-ago quarter and the third straight decline. There were nine sales in the quarter, one less than the same period a year ago. The combination of both falling sales and listing inventory resulted in a faster-paced market. Months of supply, the number of months to sell all inventory at the current rate of…

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