By Guest Contributor Donald Smith-Browne, Manager, Coldwell Banker Residential Real Estate, North Palm Beach office
According to a recent article in The Palm Beach Post, Palm Beach county's used home sales bounded back in 2009 with the prices and volume of sales breaking years-long declines.
The sale of 8,684 homes last year was up 25% compared to 2008, marking the first end-of-year gain in Palm Beach County since 2003.
While the county's home prices dipped 21% to a year-end median of $239,000, December's median sales price of $247,900 inched up 1% compared to the same time in 2008. That's the first increase in year-over year pricing since 2006.
The 2009 housing statistics, released Monday by Florida Realtors, supported the "cautious optimism" preached in the fall by some real estate watchers.
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