: 6.7% Median price per square foot
: $109 Unemployment
: 8.4% (Miami-Fort Lauderdale)
Like most markets in Florida, the West Palm Beach market took a major hit during the housing downturn, falling 48.4% during the recession. Fortunately, recovery is taking hold. The average asking price in the area is up 11.3%, compared to the year-earlier period, the fifth-largest increase of all metro areas measured. Also, the average price per square foot is up an impressive 63.7% compared to a year ago.
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