P
alm Beach County's residential real estate market experienced a slowdown in April 2025, with total sales declining 9.4% year-over-year to 2,326 transactions. Single-family home sales fell 5.28% to 1,328, while existing condominium sales dropped 14.41% to 998 transactions.
Median prices also saw modest declines, with single-family homes edging down 0.77% to $645,000 and condo prices dropping 5.88% to $320,000. Despite the dip in sales, inventory continued to climb, with total active listings jumping 28.6% to 14,896.
The single-family home segment still favors sellers, with 5.9 months of supply, while condominiums are firmly in buyer's market territory with 10.4 months of supply. Total dollar volume of residential sales decreased slightly, down 1.74% year-over-year to $2.26 billion.
Distressed sales remained extremely low, accounting for just 0.4% of all closed transactions. Homes are taking longer to sell, with the median time from listing to contract increasing to 41 days for single-family homes and 55 days for condominiums.
Cash sales continued to dominate the market, comprising 51.7% of all closed transactions, although this was down from 56.3% a year earlier. Despite shifting conditions, Palm Beach County's housing market remains resilient amid broader economic headwinds and changing buyer dynamics.
