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Elliman Report: Boca Raton Sales 2Q 2013

CONDO/TOWNHOUSE Listing inventory fell 22.6% to 1,021 from prior year levels as sales rose by 8.1% to 762 sales over the same period. The number of sales using cash increased to 78.3% from 55.6% as lack of inventory drove competition for better terms among buyers…

SINGLE FAMILY Although total inventory fell by 18.9% to 967 from a year ago, the rate of new listings added to the market in the last quarter fell faster, down 25.7% to 330 over the same period. Consistent with the reduction in supply, days on market registered at 153 days, 18 days faster than the prior year quarter…

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