According to a report released this morning by the Realtors Association of the Palm Beaches, the number of closed sales last month was 1,325, up 12 percent from December 2013 while the number of days homes are sitting on the market before a sale was down 47 percent to a median of 45 days.
“Higher home valuations are always welcoming news, but a true sign of the real estate recovery is when the frequency of which we are seeing these homes being sold at higher prices go up,” said Barb Kozlow, President of the Realtors Association of the Palm Beaches. “While Dec. doesn’t bring in numbers like spring and early summer, it is very promising to see the number of closed sales above the 1,300 mark. It is by far the best we have seen in any Dec. in the past five years.”
About half of December’s sales were cash deals, up slightly from November, but the same as December 2012.
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