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South Florida

Home sales surge in Palm Beach County

Prices grew 2 percent in Palm Beach County in October
Prices grew 2 percent in Palm Beach County in October

Real estate in Palm Beach County is on the upswing, with sales and prices showing gains.

According to the Palm Beach Post, which cited a report from the Realtors Association of the Palm Beaches, sales of single-family homes increased 19 percent in October from the previous year. Prices grew 2 percent.

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The median sale price of $275,000 was a gain from the previous month of $269,000, the article said. Inventory of single-family homes rose 14 percent to 5.7 months from a year ago.

Low interest rates and a strengthening job market are reportedly spurring the sales volume growth statewide. [Palm Beach Post] – Jennifer White Karp