The Real Deal Miami

Sales decline might be leveling in Palm Beach, Broward

May 23, 2008 12:24PM

The decline in sales in Broward and Palm Beach counties is slowing, according to data released by the Florida Association of Realtors. There were 662 home sales in Palm Beach in April, down from 665 in April 2007; sales in Broward dropped 11 percent to 518, compared to the prior year. The median price in Palm Beach County was $314,000 last month, down 17 percent from $376,300 one year ago, the report said. Broward’s median home price fell 18 percent to $298,100. Existing condo sales increased 3 percent year-over-year in Palm Beach County, to 664 units, while their median price fell 28 percent to $156,400. In Broward, existing condo sales fell 13 percent to 594 over the same period, while the median price dropped 24 percent to $150,000.