Palm Beach Market Shows Strong Year-End Momentum Gains
Palm Beach County Florida home sales accelerated for a third straight month in November 2025, signaling renewed momentum in South Florida’s housing market even as higher borrowing costs and longer selling times persist, according to data released by the Miami Association of Realtors.
Total residential sales in Palm Beach County jumped 19.7% from a year earlier to 1,706 transactions in November. Single-family and condominium activity both posted double-digit gains, lifting year-to-date single-family home sales above 2024 levels, with 12,700 closings through November.
Single-family home sales rose 19% year over year to 1,001 transactions, while median prices edged up 0.8% to $605,000. Despite the modest annual increase, prices remain near record highs: the median single-family price has more than doubled over the past decade, climbing 109% since 2015.
Condominium sales also strengthened, increasing 20.7% from a year earlier to 705 units. Median condo prices rose 3.2% to $320,000, up 130% over the past 10 years, reflecting the county’s long-running demand for coastal and lifestyle-driven housing.
The rebound in transaction volume comes as South Florida’s luxury market continues to outperform. The region is on pace to record the second-highest number of $10 million-plus home sales on record in 2025, with an estimated 426 ultra-luxury transactions projected by year-end–just shy of the 444 sales logged during the pandemic-fueled boom of 2021.
Market conditions, however, point to a slower, more negotiated environment. The median single-family home sold for 94% of its original list price in November, while condominiums fetched 92%. Homes are also taking longer to sell. Single-family properties went under contract in a median of 41 days, up from 37 days a year earlier, with a total median time to sale of 85 days. Condos took a median of 65 days to secure a contract and 102 days to close, both longer than last year.
Cash buyers continued to play an outsized role. Nearly 48% of all Palm Beach County sales were completed in cash in November, compared with about 27% nationally, according to the National Association of Realtors. Cash transactions accounted for 56.5% of condominium sales and 41.4% of single-family purchases, underscoring the county’s appeal to affluent and investment-driven buyers.
Rising sales volumes translated into higher dollar totals. Total residential dollar volume increased 16.2% year over year to $1.4 billion. Single-family sales generated $997 million, up 10.2%, while condo dollar volume surged nearly 34% to $394 million.
On the supply side, listings tightened modestly. Total active listings fell 2.2% from a year earlier to 12,922, with new listings trending lower and inventory growth slowing. Single-family inventory declined 2.8% to 5,664 listings, while condo inventory slipped 1.7% to 7,258 units–still well below pre-pandemic norms.
The months’ supply of inventory points to diverging conditions across property types. Single-family homes posted a 4.9-month supply, consistent with a balanced market, while condominiums stood at 9.1 months, firmly in buyer’s-market territory.
Distressed sales remained negligible. Only 1.2% of closed transactions in November involved distressed properties, all of them bank-owned homes. That compares with a national distressed-sales share of 2%.
Taken together, the data suggest Palm Beach County’s housing market is regaining traction, supported by strong demand–particularly at the high end–even as buyers benefit from greater negotiating leverage and a market that is settling into a more sustainable post-pandemic rhythm.
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