“There was a significant uptick in Palm Beach sales activity this quarter compared to the results last year. We also observed a significant shift towards high end properties as indicated by the jump in overall market prices and luxury market prices. The longer marketing times largely reflected older inventory being sold off. The market improvement has been an encouraging development that we expect to see through most of 2013.

 

As housing conditions change in South Florida, we strive to present our clients with timely insights on the markets we cover. In a region where housing markets are often mischaracterized and misunderstood, we firmly believe that neutral market analysis is one of the best resources we can offer to enable our clients to make more informed decisions. Douglas Elliman is firmly committed to providing information and services to meet our clients’ needs. Explore our full market report series covering south Florida including Miami, Boca Raton, Fort Lauderdale and Palm Beach at  http://www.ellimanflorida.com/market-reports/“