Those who follow the Palm Beach real estate market have been keeping a watchful eye on its ups and downs but lately it's been seeing a relative improvement in sales, even if some may consider them to be very modest.  How did the market fare during the month of May?

Existing sales for Palm Beach homes soared by a healthy 26 percent last month when compared to those of last year.  Not only did home sales improve, median sales prices actually improved for the first time in six months.  Additional welcoming news includes the actual number of homes sold, with the number surpassing 1,000 for the third month in a row.  Finally, the current housing has dropped from fifteen months to an eight month supply.

Although the same can't quite be said for Florida as a whole, the news regarding Palm Beach real estate is encouraging considering how rocky things have been for a town which is usually favored by  billionaires and business magnates.