Market Update
Palm Beach County real estate — current trends, pricing, and what buyers and sellers need to know right now.
$525,000
Median Sale Price
+4.2% YoY19 Days
Avg. Days on Market
-3 days YoY2,840
Active Listings
+6.1% YoY2.4 Mo.
Months of Supply
-0.2 YoY97.8%
List-to-Sale Ratio
+0.4% YoY1,210
Closed Sales (Mo.)
-1.8% YoYOverview
A Seller's Market With Staying Power
Palm Beach County's real estate market continues to defy expectations in mid-2026. Despite elevated mortgage rates, demand from domestic migration, cash buyers, and second-home purchasers keeps the market firmly in seller's territory.
Inventory has ticked up slightly from historic lows, but remains well below the 6-month threshold that defines a balanced market. Buyers should expect competition on well-priced properties, particularly in the $400K–$1.2M range. Sellers who price correctly are still seeing multiple offers and quick closings.
Market Share by Price Segment
By Community
Neighborhood Snapshot
| Community | Median Price | Days on Mkt | YoY | Inventory |
|---|---|---|---|---|
| West Palm Beach | $485,000 | 21 days | +3.8% | Low |
| Boca Raton | $620,000 | 17 days | +4.5% | Very Low |
| Delray Beach | $510,000 | 19 days | +4.1% | Low |
| Jupiter | $575,000 | 16 days | +4.8% | Very Low |
| Palm Beach Gardens | $540,000 | 18 days | +4.2% | Low |
| Wellington | $495,000 | 22 days | +3.5% | Moderate |
Analysis
Key Market Insights
Inventory Remains Historically Tight
June 2026Palm Beach County continues to operate well below a balanced market's 6-month supply threshold. With just 2.4 months of inventory, sellers retain significant pricing power across most price points and communities.
Migration from Northeast & Midwest Sustains Demand
June 2026Remote work flexibility and Florida's tax advantages continue to attract high-income buyers from New York, New Jersey, Connecticut, and Illinois. This migration trend shows no signs of slowing, keeping absorption rates elevated.
Luxury Segment Outperforms
May 2026Properties priced above $3M are seeing the strongest year-over-year appreciation in the county, driven by demand for waterfront estates, equestrian properties in Wellington, and ultra-luxury condos along the Intracoastal.
Interest Rate Sensitivity in Mid-Market
May 2026The $400K–$700K segment shows the most sensitivity to mortgage rate fluctuations. Buyers in this range are increasingly exploring adjustable-rate products and buydown programs to manage monthly payment costs.
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