P
alm Beach County’s September 2025 residential market saw a 21.6 % jump in closed sales, climbing from 1,628 in September 2024 to 1,980. Transactions over $1 million rose 20.9 %, from 282 to 341. Single‑family homes led the rise, up 24.8 % (932 to 1,163), while their median price stayed flat at $615,000. Condominiums increased 17.4 % (696 to 817), but their median price fell 4.8 % to $300,000, reflecting ongoing affordability pressure.

    Active listings grew modestly: 3.8 % to 12,490 overall, with single‑family inventory up 2.8 % to 5,576 and condo inventory up 4.7 % to 6,914. New listings edged up only 0.6 %, indicating sellers remain cautious. Months of supply sit at five months for single‑family homes (balanced market) and 8.8 months for condos (buyer‑friendly).

    Total dollar volume rose 28 % to $1.6 billion, driven by $1.2 billion in single‑family sales and $399 million in condos. Distressed sales were just 0.5 % of all transactions, well below the national average of ~2 %. Cash deals accounted for 51.3 % of all sales, with 62.3 % of condo transactions and 43.5 % of single‑family sales being cash. Median price received was 95 % of the list price for single‑family homes and 91 % for condos. The median days from listing to contract were 48 days for single‑family homes and 73 days for condos; days to sale averaged 87 and 111 days, respectively.

    With limited new listings and modest inventory growth, buyers still have room to negotiate, especially in the condo market, while strong demand for single‑family homes keeps prices stable and dollar volume rising.