Short Term Drop, Long Term Rise In New Contracts For Real Estate Sales.
Notable, But Not Doom And Gloom.
BY: STAFF REPORT | BocaNewsNow.com
BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2021 MetroDesk Media, LLC) — The number of new signed real estate contracts in Palm Beach County dropped precipitously from March to May, but continues to be significantly higher than this time last year.
First, the good news from the latest Elliman report. In all categories, except homes valued at under $300,000, the number of new signed sale contracts is up from May of 2020. In the $300k to $399k range, new contracts are up 14 percent. In the $400k to $499 range, the number of new contracts signed rose 33.7 percent. For homes valued from $500k to $999k, new contracts rose 131.5 percent from May of 2020 to May of 2021. And for…