Palm Beach County Market Update February 2026

Palm Beach County Housing Market Update – February 2026

The Palm Beach County real estate market continues to gain momentum as we move through early 2026. February’s numbers show a clear trend: buyer activity is increasing, inventory is tightening, and both single-family homes and condos are showing signs of movement—just in different ways.

Single-Family Homes: Prices Rising & Demand Strong

The median sale price for single-family homes reached $675,000 in February 2026, marking a 4.3% increase compared to February 2025. This tells us that home values are continuing to appreciate, even as inventory begins to stabilize.

Closed sales are also up 7.9% year-over-year, showing that buyers are actively entering the market despite interest rates still hovering in the low 6% range.

Inventory for single-family homes has decreased to 4.9 months of supply, down from 5.7 months last year, which keeps us in a balanced market—but one that is starting to lean slightly in favor of sellers again.

What does this mean?
Homes that are priced correctly and show well are still moving quickly, and in many cases, sellers are seeing strong offers as competition increases.

Condos & Townhomes: Signs of Improvement

After a slower 2025, the condo and townhome market is beginning to show encouraging signs of recovery.

Closed sales are up 10.7% year-over-year, and cash purchases have increased by 12.6%, signaling renewed confidence—especially from investors and second-home buyers.

At the same time, inventory is decreasing, with months of supply dropping from 10 months last year to 8.9 months this year. While that still indicates a buyer’s market, it’s a step in the right direction.

Median prices for condos and townhomes are sitting around $315,000, remaining relatively stable compared to last year. While sellers in this segment are not seeing the same level of appreciation as single-family homes, increased activity suggests that the market is beginning to rebalance.

What This Means Moving Forward

Palm Beach County is currently experiencing two markets at once:

Single-family homes are gaining momentum with rising prices and strong demand.
Condos and townhomes are stabilizing, with increased activity and improving inventory levels.

Interest rates remaining around the low 6% range are continuing to bring buyers back into the market, which is helping drive both price growth and transaction volume.

Final Thoughts

The takeaway is simple: the market is active, and opportunities exist on both sides.

If you’re a seller, especially in the single-family space, this is a strong window to list while demand is high.

If you’re a buyer, competition is picking up, but there are still opportunities—especially in the condo market where inventory remains elevated.

If you’ve been waiting to make a move, 2026 is already off to a strong start in Palm Beach County. Having the right strategy is more important than ever.

If you’d like to talk through your options—whether it’s buying, selling, or investing—I’m here to help guide you every step of the way.