May 2025
Palm Beach County Market Update
The Palm Beach County real estate market continued to recalibrate in May, with softening sales activity and growing inventory levels. While prices held relatively steady, both single-family homes and townhouse/condo segments saw fewer new contracts, suggesting that buyers remain cautious as inventory accumulates.
Palm Beach County Single-Family Home
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Closed Sales: 1,334 (↓ 7.3% year-over-year)
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Median Sales Price: $640,000 (↓ 0.8% year-over-year)
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Active Inventory: 6,391 (↑ 25% year-over-year)
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Months’ Supply of Inventory: 5.8 months (up from 4.4 months a year ago)
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New Listings: 1,753 (↓ 2.2% year-over-year)
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New Pending Sales: 1,278 (↓ 2.7% year-over-year)
The single-family market experienced a dip in both closed sales and pending contracts, even as inventory surged. Despite the shift, pricing remained nearly flat, signaling a more balanced environment between buyers and sellers.
