Are home prices finally hitting bottom?
Palm Beach County sales rose and prices stopped falling in March, the Florida Association of Realtors said Thursday, providing a rare glimmer of good housing market news. But Realtors worry that prices have a bit further to fall.
Myles Minns, head of Continental Properties, was reluctant to say the market finally has turned.
“We had a great March, but we’re down 20 percent from March to April,” Minns said. “If I could have three really good months in a row, I could say, ‘Yeah, we’re there.’ We’re still not there.”
The median price of an existing single-family home in Palm Beach County held at $228,100, unchanged from February, though still down 29 percent from a year ago. The number of sales rose to 685, up 20 percent from a year ago.
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