Palm Beach home sales surged in September 2025, signaling renewed strength in South Florida’s housing market, according to data from the Miami Association of Realtors. Total residential sales in Palm Beach County jumped 21.6% year-over-year—from 1,628 transactions in September 2024 to 1,980 this year—driven by strong demand for both single-family homes and condominiums. Luxury transactions priced above $1 million also rose sharply, up 20.9% to 341 deals.
Single-Family Homes Lead the Market
Single-family homes fueled the overall market momentum, with sales up 24.8% year-over-year to 1,163. Despite the increase in volume, median prices held steady at $615,000, suggesting that strong demand is being balanced by stable supply and pricing discipline. Condominium transactions climbed 17.4% to 817 units, though the median condo price dipped 4.8% to $300,000 amid affordability concerns and more cautious buyers.
Inventory and Listings Show Modest Growth
Total active listings increased slightly—up 3.8% to 12,490 properties—reflecting a modest rise in supply. Single-family home inventory grew 2.8% to 5,576, while condos saw a 4.7% increase to 6,914. New listings edged up just 0.6%, suggesting that many sellers remain hesitant despite favorable selling conditions. The market remained balanced for single-family homes at five months of supply but leaned toward buyers in the condo segment with 8.8 months of inventory.
Sales Volume and Cash Transactions Strengthen
The total dollar volume of sales surged 28% year-over-year, reaching $1.6 billion. Single-family homes made up the bulk of that figure with $1.2 billion, while condos accounted for nearly $400 million. Distressed sales remained rare—just 0.5% of all transactions—well below the national average of around 2%.
Cash deals continued to dominate the Palm Beach market, representing 51.3% of all closed sales. Cash accounted for 62.3% of condo purchases and 43.5% of single-family home sales, underscoring the strong presence of affluent and investment buyers.
Market Outlook
Homes are taking slightly longer to sell, with median days from listing to contract reaching 48 for single-family homes and 73 for condos. Median days to sale increased to 87 and 111, respectively. Still, Palm Beach County remains one of Florida’s most resilient real estate markets. With inventory growth limited and buyer demand stable, particularly in the single-family segment, analysts expect continued strength heading into late 2025.
