AUGUST 2025 Market Update Palm Beach County

Palm Beach County Market Update — August 2025

Single-Family Homes:

• Inventory sits at 5.2 months, up slightly from 4.7 months in August 2024, keeping us in a balanced market.
• The median sales price jumped from $613,000 in July to $630,000 in August. That’s also up from $617,500 this time last year.
• Closed sales are right on par with August 2024, even a little higher this year — showing steady buyer demand.

Takeaway: Despite higher inventory than last year, prices are holding firm and even trending upward. Well-presented homes are still moving.

Condos & Townhomes:

• Inventory sits at 9 months, up from 7.1 months in August 2024. But down from the high of 10.4 months in April 2025.
• Why the shift? Some sellers are finally dropping prices below market value to move units, while others are pulling their listings altogether.
• The median sales price is $285,000, down from $315,000 last August.

 Takeaway: The condo/townhome market remains soft, but inventory is tightening compared to earlier this year.

Rates & Outlook:

• After the Fed’s recent .25% rate cut, mortgage rates bounced slightly and now hover around 6.4%.
• I anticipate higher median prices in September as more buyers take advantage of lower rates and steady demand.

Palm Beach County’s market is still strong, with buyers active and sales expected to increase as we close out the summer.

Bottom Line:
The single-family home market remains balanced and resilient, while the condo/townhome market is adjusting under higher supply and pricing pressure. With rates expected to ease again later this year, competition could heat up.

 Thinking about buying or selling? Now’s the time to plan your next move before the market shifts again.