Palm Beach County Housing Market Update: March 2026

Palm Beach County Housing Market Update: March 2026

The Palm Beach County real estate market remains active as we move through March 2026. While some numbers shifted slightly month over month, the overall story remains the same: demand is strong, inventory is limited, and well-priced homes are still moving quickly.

Single-Family Homes Continue to Show Strength

The median sales price of a single-family home in Palm Beach County adjusted from $675,000 in February to $645,000 in March. While this may look like a notable drop month over month, fluctuations like this are common throughout the year and often reflect the mix of homes that sold during that time period.

The bigger picture shows continued appreciation. In March 2025, the median sales price for a single-family home was $625,000, which means prices are still up year over year.

Closed sales are also up 14% compared to this time last year, showing that buyers are still active and willing to make moves despite mortgage rates remaining in the low 6 percent range.

Inventory Is Tightening

Inventory for single-family homes has tightened to 4.7 months of supply, down from nearly 6 months this time last year.

This reduced inventory is something many buyers are feeling firsthand. With fewer homes available, competition remains steady and buyers may feel like they have fewer options to choose from.

For sellers, this creates opportunity. Homes that are priced correctly and presented well are still receiving strong attention. In many cases, sellers are securing contracts quickly and close to asking price.

Condos and Townhomes Are Improving

The condo and townhome market is showing signs of improvement as well.

Inventory levels have dropped from over 10 months of supply last year to 8.5 months now, which is progress. However, this segment is still carrying more inventory than single-family homes.

The average condo or townhome is taking around 71 days to go under contract, so patience and proper pricing remain important for sellers in this segment.

While the condo market is moving in a positive direction, buyers still have more options and more negotiating power here compared to the single-family market.

What This Means for Buyers and Sellers

The Palm Beach County market is still strong, especially in the single-family segment.

Buyers are facing tighter inventory and increased competition. Acting quickly and having a strategy in place is more important than ever.

Sellers continue to benefit from strong demand and limited supply, especially if their home is move-in ready and priced appropriately.

Condo sellers should remain patient and realistic, but conditions are improving compared to where they were a year ago.

Final Thoughts

The March 2026 market update shows that Palm Beach County remains a competitive and active market.

Prices are up year over year.
Closed sales are increasing.
Inventory remains limited.
Condos are slowly improving.

If you are considering buying, selling, or simply want to know what your home may be worth in today’s market, having a clear strategy matters.

I am always here to help guide you through the process.

Abbey Adair, REALTOR®
Century 21 Realty Professionals
You’ll Always Have the A+ Advantage with Me ✏️🍎🔑🏡