Palm Beach County Condos & Townhomes Market Update – August 2026

Palm Beach County Condos & Townhomes Real Estate Statistics – August 2026

Palm Beach County’s condo and townhome market continued to tighten in August 2026, with active inventory falling 17% and months of supply dropping 26% compared with a year ago. Prices moved higher and properties sold faster, but overall sales activity was softer.

The median sale price increased 5% year-over-year, while closed sales declined 7% and pending sales were virtually unchanged.

The result is a market with considerably less supply than a year ago, but still more breathing room for buyers than Palm Beach County’s single-family home sector.

Here’s a closer look at the August numbers.

Market Breakdown – August 2026 vs. August 2025

Median Sale Price: $300,000

📈 Up 5% year-over-year

The median sale price for condos and townhomes reached $300,000 in August, an increase of 5% compared with August 2025.

That rise occurred despite a decline in completed transactions, demonstrating why price and sales activity need to be considered separately.

The median can also be affected by the mix of properties sold during a particular month, especially in a market ranging from smaller condos to luxury waterfront residences and larger townhomes.

Closed Sales: 765 properties

🔻 Down 7% year-over-year

Closed sales declined 7%, with 765 condo and townhome transactions completed during August.

This contrasts with the increase in the median sale price and decline in inventory. Although fewer properties are available, buyers are not necessarily absorbing them at a faster rate.

Higher ownership costs, including HOA fees, insurance and potential assessments, can also play an important role in buyers’ decisions within this segment.

Active Inventory: 5,770 properties

🔻 Down 17% year-over-year

There were 17% fewer condos and townhomes available for sale than there were in August 2025.

That is a substantial reduction in buyer choice and continues the inventory-tightening trend we have seen across Palm Beach County.

However, with significantly more condo and townhome listings available than single-family homes, buyers in this sector still have comparatively more options.

Pending Sales: 861 contracts

🔻 Down 1% year-over-year

Pending sales were essentially flat, declining just 1%.

This suggests there has not yet been a significant rebound in transaction activity following August’s 7% decline in closed sales.

It will be worth watching pending activity over the coming months to see whether buyer demand begins to strengthen or remains relatively steady.

Months of Inventory: 6.7 months

🔻 Down 26% year-over-year

Months of inventory declined significantly to 6.7 months.

That represents a much tighter market than a year ago, but the current level still gives condo and townhome buyers more choice and negotiating room than buyers in Palm Beach County’s single-family sector, where August inventory stood at just 3.5 months.

This difference highlights how important property type has become when discussing current market conditions.

Days on Market: 69 days

🔻 Down 7% year-over-year

Condos and townhomes sold faster than they did last August, with days on market declining 7%.

The typical property still takes considerably longer to sell than a single-family home, however.

That means sellers should remain realistic about pricing, while buyers may have time to investigate individual properties and communities before making a decision.

New Listings: 1,274 properties

📈 Up 1% year-over-year

New listing activity was essentially unchanged, increasing just 1%.

Despite slightly more properties entering the market during August, overall active inventory remains 17% lower than it was a year ago.

For inventory to begin rebuilding meaningfully, new supply would need to outpace the number of properties leaving the market over a sustained period.

What This Means for You

Buyers

Palm Beach County condo and townhome buyers currently have an interesting combination of conditions.

Inventory has fallen significantly compared with last year, but 6.7 months of supply still provides considerably more choice than exists in the county’s single-family market.

With closed sales down and pending sales essentially flat, buyers may have room to negotiate on properties that have been sitting on the market, particularly when a seller is motivated.

Due diligence remains especially important. HOA fees, reserve funding, insurance costs, upcoming special assessments, building maintenance and community finances can all materially affect the true cost of ownership.

Sellers

Sellers face less competition than they did a year ago, with active inventory down 17%, and properties are selling somewhat faster.

However, the 7% decline in closed sales shows that buyers remain selective.

Pricing a property based solely on reduced inventory could therefore be a mistake. Condition, community finances, HOA costs and comparable recent sales can all have a major impact on buyer interest.

Investors

The condo and townhome market can offer investors a lower entry price than many single-family properties in Palm Beach County, but individual community rules and expenses are critical.

Investors should carefully review rental restrictions, HOA fees, reserve levels, special assessments, insurance, property taxes and expected rental income before purchasing.

With 6.7 months of supply and softer closed sales, there may also be opportunities to negotiate on individual properties where sellers are particularly motivated.

Final Thoughts

Palm Beach County’s condo and townhome market is tighter than it was a year ago, but it is not experiencing the same degree of supply pressure as the single-family market.

Active inventory declined 17%, months of supply fell 26% to 6.7 months, and days on market decreased 7%. The median sale price also increased 5% to $300,000.

On the other hand, closed sales fell 7%, pending sales were essentially flat, and new listings changed very little.

For buyers, that combination means reduced inventory but still meaningful choice. For sellers, there is less competition from other listings, but buyers remain selective and value-conscious.

The key trend to watch over the coming months will be whether falling inventory eventually translates into stronger condo and townhome sales activity — or whether buyers continue to take advantage of the additional choice this segment still provides.

Back to Palm Beach Blog