|The most eye-grabbing numbers in today’s Standard & Poor’s/Case-Shiller home price index came in the median price column. |
Single-family homes in Palm Beach County are up 27 percent from a year ago, condos are up 28.5 percent.
But there are other shockers. For instance, inventory is down to a supply of 5.8 months.
And cash is king. Fully 55 percent of home sales in February went to cash buyers.
Source - Palm Beach Post 3/26/2013