Home sales across the Greater Palm Beach area accelerated toward the end of 2025, pointing to renewed strength in South Florida’s housing market despite elevated borrowing costs and longer selling timelines. Data released by the Miami Association of Realtors shows Palm Beach County recorded its third consecutive month of rising activity in November.
Total residential sales in Palm Beach County increased 19.7% year over year to 1,706 transactions in November. Both single-family homes and condominiums posted double-digit growth, pushing year-to-date single-family sales above 2024 levels, with 12,700 closings completed through November.
Single-family home sales climbed 19% from a year earlier to 1,001 transactions, while the median price edged up 0.8% to $605,000. Although annual price growth was modest, values remain near record levels, with the median single-family price up 109% since 2015.
Condominium activity also strengthened, with sales rising 20.7% year over year to 705 units. Median condo prices increased 3.2% to $320,000, representing a 130% gain over the past decade and highlighting sustained demand for coastal and lifestyle-oriented properties.
The rise in transaction volume comes as South Florida’s luxury segment continues to outperform. The region is on track to post the second-highest number of $10 million-plus home sales on record in 2025, with an estimated 426 ultra-luxury transactions expected by year-end—just below the 444 sales recorded during the 2021 pandemic-driven surge.
At the same time, market conditions indicate a slower and more negotiable environment. In November, single-family homes sold for a median of 94% of their original list price, while condominiums achieved 92%. Selling times also lengthened. Single-family homes went under contract in a median of 41 days, compared with 37 days a year earlier, with a total median time to sale of 85 days. Condominiums required a median of 65 days to secure a contract and 102 days to close, both longer than in 2024.
Cash buyers continued to play a significant role in the market. Nearly 48% of all Palm Beach County transactions in November were completed in cash, well above the national average of around 27%, according to the National Association of Realtors. Cash purchases accounted for 56.5% of condo sales and 41.4% of single-family transactions, reflecting the area’s appeal to affluent and investment-focused buyers.
Higher sales volumes also translated into increased dollar activity. Total residential dollar volume rose 16.2% year over year to $1.4 billion. Single-family transactions generated $997 million, up 10.2%, while condominium dollar volume surged nearly 34% to $394 million.
On the supply side, inventory tightened slightly. Total active listings declined 2.2% from a year earlier to 12,922, as new listings slowed and inventory growth moderated. Single-family inventory fell 2.8% to 5,664 listings, while condominium inventory decreased 1.7% to 7,258 units, remaining well below pre-pandemic levels.
Months of supply data points to differing conditions by property type. Single-family homes recorded a 4.9-month supply, consistent with a balanced market, while condominiums posted a 9.1-month supply, firmly placing that segment in buyer’s-market territory.
Distressed sales remained minimal. Just 1.2% of closed transactions in November involved distressed properties, all of which were bank-owned homes, compared with a national distressed-sales rate of 2%.
Overall, the figures suggest Palm Beach County’s housing market is regaining momentum, supported by strong demand—particularly in the luxury segment—while offering buyers greater negotiating power as the market settles into a more sustainable post-pandemic phase.
