BOCA RATON REAL ESTATE MARKET SHOWS INCREASE IN SALES
Posted by Gloria Singer on
For the past couple of months, I have felt an increase in activity. I am very optimistic that the real estate market is picking up. My own personal production has increased as well as that of my company. Well now I have the statistics to back up my claims!The number of closed sales of Boca Raton real estate increased almost 40% from March to April. April had 290 closed transactions, with an average time on market of approximately six months and a sale price/list price ratio of almost 89%. Although prices are remaining relatively constant, the number of transactions is increasing and I feel that this reflects the readiness of sellers to accept the current market reality and to price their properties properly. In any case, amidst all of the depressing…
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