The Real Deal Miami

Palm Beach home sales on the rise

December 22, 2011 10:59AM

Home sales in Palm Beach County totaled 943 in November, and home prices
fell 12 percent compared to last year, according to a report from
Florida Realtors. While home prices in the county are down 56 percent
from their 2005 peak, they are beginning to stabilize, some experts say.
“For the first time, I’m becoming much more optimistic,” said Bill
Davis, president of mortgage firm Private Funding Specialists in Palm
Beach Gardens. “We’re getting close to the bottom, if we’re not there.
The biggest question is, when are we going to turn up?” [Palm
Beach Post]