Palm Beach County’s total home sales rose 1.9% year-over-year in August, from 3,014 to 3,072. Single-family home sales dropped 10.5%, from 1,814 to 1,624, while existing condo sales rose from 1,200 to 1,448: a 20.7% increase.
“Palm Beach County continues to attract home buyers and companies,” said Bill Mate, president of JTHS-MIAMI, in a press release. “U.S. individuals and companies, particularly from tax-burdened northeast and western states, will continue moving to South Florida because the region is pro-business, low-tax, home to sunny weather and a healthy lifestyle and more.”
Sales of Palm Beach County homes in August were significantly higher compared to the same month in 2019. Total home sales in August 2021 increased 13.5% from August 2019. Single-family home sales rose 3.7% from August 2019, while condo transactions jumped 26.9%.