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2Q - 2013 Palm Beach Sales

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Report Summary

Palm Beach showed some of the largest price increases in the region caused mainly by the lack of inventory.  The supply of homes fell steadily over the past year but the second quarter had the most sales of any spring market since 2008.  Price increases in the luxury market outpaced the overall market with the addition of many larger-sized sales. Without near term relief from low inventory, we expect more of the same tight market conditions throughout the year.

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