West Palm Beach and Greenacres saw big price jumps. The median price in Greenacres was $149,750 in August, up 38.7 percent from a year ago. And in West Palm Beach, the median jumped 37.9 percent, going from $140,000 in August 2015 to $193,000 in August 2016.
Countywide, prices are in a holding pattern. The median price of a house sold in Palm Beach County in August was $315,000, the Realtors Association of the Palm Beaches said Thursday. That’s a bit below June’s $320,000 and July’s $317,250.
Homes are still selling quickly. Median days on market is 45, down from 46 days a year ago.
More homes are for sale. Palm Beach County inventory rose 6 percent compared to a year ago, Realtors say. Another analysis found a sharp increase in inventory over the past year, according to an analysis by real estate website Trulia. Trulia counts 11,879 homes on the market now, a nearly 18 percent jump from a year ago.
Condo trends mirror the single-family market. The median price of a condo or townhouse sold in August was $160,000, down slightly from July.