February 2025
Delray Beach Market Stats
The Delray Beach real estate market experienced significant increases in prices and inventory this February compared to last year, while buyer activity showed signs of slowing. Here's a breakdown of how both single-family homes and townhouses/condos performed:
Delray Beach Single-Family Home
The Delray Beach single-family home market saw a strong rise in both closed sales and prices in February 2025.
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Closed Sales: 59 (up 23% year-over-year)
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Median Sales Price: $730,000 (up 17% year-over-year)
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Active Inventory: 345 homes (up 5.8% year-over-year)
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Months Supply of Inventory: 6.3 months (up from 6.2 months a year ago)
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New Listings: 102 (down 4.7% year-over-year)
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New Pending Sales: 66 (down 1.5% year-over-year)
While prices continued climbing, fewer new listings and pending sales indicate that buyer demand may be cooling slightly as inventory grows.
Delray Beach Townhouse and Condos
The Delray Beach townhouse and condo market also saw price gains and a rise in inventory, though buyer activity eased.
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Closed Sales: 55 (down 3.5% year-over-year)
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Median Sales Price: $415,000 (up 23% year-over-year)
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Active Inventory: 440 properties (up 25% year-over-year)
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Months Supply of Inventory: 5.9 months (up 8.4 months from a year ago)
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New Listings: 109 (down 15% year-over-year)
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New Pending Sales: 69 (down 15% year-over-year)
Higher prices and more available inventory in the townhouse and condo market reflect sellers entering the market, while buyer activity slowed, with fewer new contracts written.
