According to the Regional Multiple Listing Service, the average supply on hand has declined by approximately 7.5 months since the beginning of the year. As the supply has declined, the demand appears to be increasing with more units being sold.The number of single family homes sold year to date as of Aug 31 is almost 14.6% greater than last year, year to date.Median Sale price for a Palm Beach County home was $242,000 in August 2009 compared to $303,000 in August 2008. which represents a decline of 20.3%.The Median active DOM was 152 days , Median Sold DOM was 132 days and Median SP to LP was 60.8%
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