The Palm Beach County real estate market is facing challenges, according to the latest Elliman Report. Newly signed contracts are declining while new listings are increasing, indicating an oversupply of inventory and insufficient demand. Sales for homes under $300k have dropped 67% year-over-year, with similar declines in other price ranges. However, homes priced between $1M and $2.99M are stable, while those between $3M and $4.99M have seen a 33% increase in contracts.
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