The housing market in Palm Beach is booming. Good luck finding something to buy.
Sales of single-family homes in the tony South Florida market, home to former President Donald Trump’s Mar-a-Lago, more than quadrupled in the fourth quarter from a year earlier, the largest increase in more than a decade.
The surge in demand helped lift the median sale price 29% to $4.9 million, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Thursday.
The inventory of condos and single-family homes to buy, meanwhile, is the lowest it’s been in nearly nine years of tracking, ...
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