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Oct 2025 Palm Beach County Market Update

Abbey Adair November 30, 2025

 

Palm Beach County Market Update — October 2025

Single-Family Homes Surge While Condos Stay Flat
 
Palm Beach County’s real estate market continues to show a split personality — solid momentum for single-family homes and a much slower pace for condos. Here’s a clear look at what’s happening and why.
 

Single-Family Homes: Momentum Is Back

October brought a noticeable jump in activity thanks to mortgage rates slipping back into the mid-6% range.
 
With improved affordability, buyers stepped back into the market, and the numbers prove it:
 
  • $615,000 → $643,000 average sale price from September to October
  • Nearly 20% more closed sales than this time last year
  • Inventory holding steady at 5 months
This sector remains balanced, competitive, and strong, especially for homes that are updated and well-priced.
 

Condos: Slow All Year, and Still Slow Now

The condo market in Palm Beach County has been sluggish throughout 2025 — and that pattern continued in October.
 
  • About 9 months of supply
  • 70+ days on market
  • Little to no price appreciation for sellers
While the MLS reports a $315,000 median for condos/townhomes combined, individual condo sellers generally aren’t seeing year-over-year gains. Buyer caution, elevated costs, and stricter financing requirements have kept this segment stagnant.
 

Why This Isn’t a Market Crash

The contrast between the two segments can look confusing, but it’s not a crash — it’s a market adjusting differently across property types.
 
  • Single-family homes respond quickly to rate movements and are showing strong demand.
  • Condos face structural challenges that make buyers more selective.
Both trends have been consistent throughout the year.
 

Year-End Outlook

Lower rates, seasonal motivation, and homestead deadlines should keep activity strong through November and December — particularly for single-family homes.
 
Investors may find opportunities in the condo sector, especially where sellers are motivated.
 

Need Help Navigating This Market?

Whether you’re buying, selling, investing, or trying to move a condo that’s been sitting, having the right strategy matters more than ever.
 
Contact me anytime — I’d love to help you plan your next move.
 
Abbey Adair, REALTOR® | Century 21 Realty Professionals
 
“You’ll Always Have the A+ Advantage with Me”

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ABBEY ADAIR

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