May 2026
Palm Beach County Market Update
Palm Beach County’s housing market continues to show strong forward momentum as we move through late spring. Prices are rising while inventory is tightening, creating a more competitive environment overall. Single family home prices increased to $675,000, up 5.5 percent year over year, while closed sales also rose 7.7 percent. At the same time, inventory declined sharply, signaling that demand is absorbing available supply at a faster pace. The increase in pending sales across both property types suggests this trend is likely to continue into the coming months.
Single-Family Homes
In the single family home segment, the market is clearly tightening. Active inventory dropped 23 percent compared to last year, bringing the months supply down to 4.1 months from 5.8 months. This shift indicates a move toward a more balanced but still seller-leaning market. While new listings declined 8.6 percent, pending sales surged 20 percent, showing that buyers are acting quickly when new opportunities hit the market. The combination of rising prices and shrinking inventory points to sustained demand, even as affordability becomes more of a consideration.
Palm Beach County Townhouse and Condo
The townhouse and condo market is showing a similar pattern, though with slightly more breathing room for buyers. Median prices increased to $345,000, up 4.5 percent, while closed sales rose 6.6 percent. Inventory declined 20 percent year over year, but with 7.7 months of supply, this segment remains more balanced compared to single family homes. New pending sales climbed 14 percent despite a drop in new listings, indicating consistent demand from entry level buyers, downsizers, and investors seeking more accessible price points.
Overall, Palm Beach County is moving toward a tighter and more active market. Buyers should be prepared for increased competition, especially in the single family segment, while sellers can benefit from limited inventory and steady price growth. The rise in pending sales suggests continued momentum heading into the summer.
For expert guidance on navigating this evolving market, connect with The Branham Group for tailored buying strategies, pricing insight, and local market expertise.
