MIAMI — Palm Beach County median prices increased year-over-year in May 2020 as home sales saw expected declines because of the global COVID-19 situation, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
While the latest data shows lower levels of closed sales compared to a year ago, new pending sales in May rebounded in comparison to April. New pending sales for Palm Beach single-family homes decreased 11.2%, an improvement over the April decrease of 54.6%. New pending sales for condos decreased 20% in May, an improvement over the 66.6% decrease in April. Read more….