The housing market in Palm Beach County saw notable activity in February 2026, with sales increasing despite a decline in available inventory, reflecting continued strong demand in the market. Total sales rose by 9%, driven by higher sales of single-family homes and residential condos.
Price trends varied, with single-family home prices rising moderately, while condo prices saw a slight decline, though they remained at historically high levels. Meanwhile, the continued low inventory of properties intensified competition among buyers, especially in the single-family home segment, which still favors sellers, while the condo market approaches a more balanced state.
Data also showed overall market stability, with a decrease in distressed properties and ongoing negotiation of limited discounts, alongside a slight increase in the time required to close deals.
Cash purchases remain a key element in the market, accounting for more than half of transactions, driven by interest from both local and international investors. This has helped support demand despite rising financing costs. Overall, the market reflects steady growth based on strong demand and limited supply, with clear differences between property types.
