Three things to know about Palm Beach County real estate market

(Getty Images)

(Getty Images)

Prices hold steady. The median price of a single-family house sold in September was $316,000, up slightly from $315,000 in August and up 10.9 percent from a year ago, the Realtors Association of the Palm Beaches said Thursday.

It’s still a seller’s market. The typical house sold for 95 percent of asking price in September, down from 95.1 percent a year ago. The inventory of houses for sale rose to 7,056, up 9 percent from a year ago.

For condos, cash is king. Fully 58 percent of condos and townhouses sold last month went to buyers who didn’t need a mortgage.

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